- Kwok WaiLv 71 decade agoFavorite Answer
Lateral integration occurs when firms producing related product combine together.
Vertical forward integration: Vertical forward integration occurs when a firm combines with another firm in a later stage of production.
Vertical Backward integration occurs when a firm combines with another firm in its preceding stage of production.
Horizontal integration takes place when firms producing the same product or at the same stage of production combine together.
Conglomerate integration occurs when firms in entirely different lines of production combine together