Eligibility Requirements. Â» Here is a visual guide prepared by the National Honor Society about how to become an NHS member. Students in grades 10âÂ­Â­12 who meet the requirements for membership outlined by their schoolâs chapter are eligible to be invited for membership.
Vertical integration is the control of multiple levels of a productâs supply chain. In a three-tier model â manufacture, wholesale and retail â vertical integration occurs if a firm controls two or more levels. There are numerous benefits to vertical integration.
A diagram illustrating horizontal integration and contrasting it with vertical integration. Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain. A company may do this via internal expansion, acquisition or merger. The process can lead to monopoly if a company captures the vast majority of the market for that product or service. Horizontal integration is orthogonal to vertical integration, where companies integrate multiple stages of production of a small number of production units.