Integration - GCSE Business Definition

Integration is the process of combining different firms or business operations to create a more efficient and cohesive organisation. This can occur through mergers, when two companies join together, or acquisitions, when one company takes over another. The primary aims of integration are to achieve economies of scale, enhance market power, reduce competition, and improve resource utilisation. By integrating, businesses can streamline their operations, share expertise, and expand their market reach, ultimately increasing profitability and competitive advantage within their industry.