Horizontal integration is the term for buying out all of the competition in a particular industry
<u>Explanation:</u>
The strategies that are used by businesses in a particular industry is Horizontal and vertical integrations. A company takes over another company that runs at the production process or same line. In this type of integration, the company aims to acquire all similar companies that are in competitive with it in the same industry.
For increasing the size, diversification of product or services, achieving economies of scale, or reduction of competition a company may go for Horizontal integration. The ability of a company in producing greater revenue together than they compete independently is the success of Horizontal integration.
The characteristics of the culture that helps really contributed to the actual success of the Mongol's military power where there ruthlessness. Hope this helps :)
