the business strategy of acquiring control of every level of production, from, in the case of railroads, the mining of iron to the forging and transportation of rails, was called

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Vertical Integration is the business strategy of acquiring control of every level of production

Vertical integration is a tactic that enables a business to streamline operations by directly controlling different stages of the process of production instead of depending on outside suppliers or contractors.

In addition to common ownership, vertical integration has also been used to describe management strategies that integrate significant elements of the supply chain into a single company.

Vertical integration may occur either downstream or upstream (backward) (forward). It can be done by either acquiring vertically or internally building an additional production line.

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