Big Business Terms

______________________________ is an economic philosophy of free-market capitalism that opposes government intervention.

• Gilded Age

• Laissez-faire

• Market Economy

• stocks

A business _________ is when big companies in the same industry work together to control prices and production, or merge into one large company.

• Vertical Integrations

• Monopoly

• Stocks

• Trust

A _________________________ occurs when one company or group of companies (trust) completely controls an entire industry.

• Vertical Integrations

• Monopoly

• Stocks

A _______________ is a piece of ownership in a company.

• gold ticket

• stock

• gilded coin

• trust

_________________________ is when one company owns all the necessary steps of production needed to create a product and get it to market.

• Horizontal Integration

• Vertical Integration

___________________ is the combination of several competing companies in the same industry into one massive company (or trust).

• Horizontal Integration

• Vertical Integration

The acquisition of Instagram by Facebook (now Meta) in 2012 is an example of ___________, because both companies operated in the same industry (social media).

• Vertical Integration

• Horizontal Integration

Sofia owns a large coffee company. She owns the coffee farms where beans are grown, the factories where the beans are roasted and packaged, the trucks that ship the coffee, and the cafés where customers buy it. This is an example of ____________.

• Vertical Integration

• Horizontal Integration

The acquisition of Spirit Airlines by Jet Blue Airlines in 2024 is an example of ___________, because both companies operated in the same industry (airline industry ).

• Vertical Integration

• Horizontal Integration

Tesla makes its own electric vehicle components (like batteries and motors) and sells cars directly through its showrooms and online platforms, rather than through third-party dealerships. This is an example of ________

• Vertical Integration

• Horizontal Integration