Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

HORIZONTAL CONSOLIDATION

Consolidating firms that sell a similar product to increase the product line. It saves money and makes production more efficient.

HORIZONTAL DIVERSIFICATION

Diversifying a firm to get new products that are different than their usual wares. It gets a different type of customers interested.

HORIZONTAL EXPANSION

The rate of growth for a company based on current business means. It can mean more locations, stores, outlets, and territory.

HORIZONTAL INTEGRATION

Merging companies on the same production stage. If the products are similar competitors merge. If the market is different it is a monopoly. AKA lateral integration. Refer to vertical integration.

HORIZONTAL LAYERING

When reinsures assume their share of a loss. This is also called vertical layering or excess layer.

HORIZONTAL MARKETING

Merging firms on one level to get more opportunities. Resources are combined andmoved to make the most profit. Refer to vertical marketing system.

HORIZONTAL MERGER

A merger between two companies to improve their product or increase customers. This is also called a conglomerate merger or a vertical merger.

HORIZONTAL PORTAL

A website that is an entry for other firm sites in the same type of industry. Refer to vertical portal.

HORIZONTAL PRICE RESTRAINT

When competitors and distribtors on the same level change prices to control supply. It causes a nonpricing horizontal restraint.

HORSEPOWER (HP)

The way the power of an engine is rated. It is also used on US hotels using star ratings from 1 to 5. There is no standard way to do this so

HORSEPOWER HOUR (HP HR)

Energy that is 745.7 watts, 2545 btu, 1.98 million foot lbs, 2.68 megajoules, and 64.1 kilocalories.

HOSHIN KANRI

The Japanese plan to make sure the objectives are known through the organization and implemented from top to bottom. Usually four vision statements are made to promote future development. The plans for

HOSPICE

A provider covered in the medicare part A. It covers terminal care and families.

HOSPITAL ALLIANCES

Hospitals that share services to reduce cost. It helps the hospital stay competitive.

HOSPITAL CONFINEMENT RIDER

An optional rider in a disability policy. The normal elimination period is insured is admitted as an inpatient.

HOSPITAL INDEMNITY

Insurance with no coverage amount for a hospital stay. It pays out regularly instead or per incident.

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