Merger, Two companies join to form one new company. "The merger created the world's largest pharmaceutical company.", Acquisition, One company buys another. "Microsoft's acquisition of Activision cost $68.7 billion.", Horizontal integration, Buying a competitor in the same industry. "Buying a rival airline is horizontal integration.", Vertical integration, Buying companies in your supply chain. "A car maker buying a tire company is vertical integration.", Backward integration, Buying suppliers (upstream). "A bakery buying a flour mill is backward integration.", Forward integration, Buying distributors/retailers (downstream). "A manufacturer buying retail shops is forward integration.", Conglomerate, Large company owning different businesses. "Mars is a food conglomerate with many brands.", Supply chain, Network of companies that produce/distribute a product. "Vertical integration means buying companies in your supply chain.", Distributor, A company that sells products to retailers/customers. "Forward integration means buying distributors.", Integration, Combining business operations. "The company pursued vertical integration.".

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