What is the goal of vertical integration?

It means acquire the supply of raw materials and the distribution venues for the finished products.
For example, Standard Oil started out as a refinery operation. Through vertical integration they acquire oil fields, railing and shipping, and retail distribution centers. From the ground to your gas tank, it was one single operation veritcally integrated.
Okay?

In microeconomics and strategic management, the occupancy vertical integration describes a style of ownership and control. Vertically integrated companies are united through a hierarchy and share a adjectives owner. Usually each member of the ranking produces a different product or service, and the products combine to satisfy a common inevitability. It is contrasted with horizontal integration. Vertical integration is one method of avoiding the hold-up problem.

One of the earliest, largest and most famous examples of vertical integration be the Carnegie Steel company. The company controlled not only the mills where the steel be manufactured, but also the mines where the iron ore was extracted, the coal mines that supplied the coal, the ships that transported the iron ore and the railroad that transported the coal to the factory, the coke ovens where the coal was coked, etc.

A monopoly produced through vertical integration is call a vertical monopoly, although it might be more appropriate to speak of this as some form of cartel.

Vertical integration is the degree to which a firm owns its upstream suppliers and its downstream buyers.

Answer:
Vertical integration is a business term that refers to how a company operates. A vertically integrated company is one that controls the entire process from unprepared material to delivery to the customer. (Oil companies are vertically integrated. They prod for oil, drill the wells, refine the grease to gas, deliver to the gas station, and sell it to the consumer.)

In microeconomics and strategic admin, the term vertical integration describes a style of ownership and control. Vertically integrated companies are united through a ranking and share a common owner. Usually each contestant of the hierarchy produces a different product or service, and the products combine to satisfy a adjectives need. It is contrasted with horizontal integration. Vertical integration is one method of avoiding the hold-up problem.

One of the earliest, largest and most distinguished examples of vertical integration was the Carnegie Steel company. The company controlled not only the mills where on earth the steel was manufactured, but also the mines where the iron ore be extracted, the coal mines that supplied the coal, the ships that transported the iron ore and the railroads that transported the coal to the factory, the coke ovens where the coal be coked, etc.

A monopoly produced through vertical integration is called a vertical monopoly, although it might be more appropriate to speak of this as some form of cartel.

Vertical integration is the degree to which a firm owns its upstream suppliers and its downstream buyers.

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