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单词 horizontal combine
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horizontal combine
b. In Industry: (see quots. 1959, 1968). horizontal combination, horizontal integration, horizontal merger, an industrial merger of firms engaged in the same stages or types of manufacture; so horizontal combine, the organization resulting from such a merger.
ΘΚΠ
society > occupation and work > business affairs > a business or company > [noun] > conglomerate
horizontal combine1927
group1930
conglomerate1967
society > occupation and work > business affairs > a business or company > [noun] > merger
merger1851
integration1894
merge1905
marriage1909
horizontal combination1927
M & A1989
1927 Observer 27 Mar. 5 Looking with a benevolent eye on horizontal combines.
1930 M. Clark Home Trade 204 There have been the combinations of one business with one or more of the same type. To this type the term ‘horizontal combine’ is usually applied.
1930 Economist 29 Mar. 710/2 Horizontal integration took place in the alcohol and solvents industry.
1959 Listener 9 July 46/2 The cotton industry is what is called a horizontal industry... As a rule the processing is done in stages in which the goods pass from one producer to another.
1960 L. C. Nanassy & W. H. Selden Business Dict. 96 Horizontal combination, formation of a business by combining two or more concerns engaged in the same kind of business.
1962 H. O. Beecheno Introd. Business Stud. v. 40 When business units of the same type combine..it is called horizontal integration.
1967 Economist 15 Apr. 253/3 He also held that all mergers must be judged by the same standards, whether they be vertical, horizontal or conglomerate.
1968 J. Ironside Fashion Alphabet 232 The textile and fashion industry works in two ways—horizontal or vertical... The ‘horizontal’ system means that in each stage of its manufacture..the textile goes through different hands... In the ‘vertical’ system, everything from weaving..to making up the garments..is done under one organisation.
extracted from horizontaladj.n.
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