Vertical merger is a merger in which two businesses in the same supply chain combine together to form one company.
Horizontal merger is a merger of two businesses operating in the same industry. It is a merger of competitors and is also called horizontal integration.
Background integration is a type of vertical integration in which a business falling later in a supply chain integrates with a business falling earlier in a supply chain.
Forward integration is a type of vertical merger (vertical integration) in which a supplier acquires a manufacturer or a manufacturer acquires a distributor.
Partnership is a form of business in which two or more persons mutualy own and operate the business and agree to share profits equally or according to profit sharing ratio. Partnership has its advantages and disadvantages.
Sole Proprietorship is the simplest form of business organization. It has several advantages as well as disadvantages.
Corporation is a form of business which is formally registered as a public owned company it is recognized as a sperate entity from its owners. It has several advantages and disadvantages.