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.
Definition: Vertical integration is when a company controls more than one stage of the supply chain. That's the process businesses use to turn raw material into a product and get it to the consumer. There are four phases of the supply chain: commodities, manufacturing, distribution and retail.