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.
Regardless of whether materials are upstream or products are downstream, the central focus of each business involved along the chain remains the same, to make sales and reap profits. In some operations, the same company may own multiple components of the supply chain. Called vertically integrated, this type of company can have upstream and downstream activities occurring simultaneously under the same upper management and occasionally at the same location.