- vertical
- vertical ver‧ti‧cal [ˈvɜːtɪkl ǁ ˈvɜːr-] adjective1. HUMAN RESOURCES a vertical organization, system etc is one in which decisions and rules are passed on to employees through several different levels of management:
• Our team has abandoned the vertical structure because it didn't let people interact.
• Our goal is to improve vertical communications.
2. vertical restraint/price-fixing FINANCE methods used by manufacturers to control the price at which their products are sold by other companies:• Retail price maintenance is a simple example of a vertical restraint.
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vertical UK US /ˈvɜːtɪkəl/ adjective► GRAPHS & CHARTS a vertical line, column, etc. goes straight up or down rather than across: »The vertical columns of the table were headed with the months of the year.
► HR used to describe the different ranks of managers and workers in an organization: »The vertical structures of the past are less popular now that decision-making and innovation are encouraged at all operating levels.
»If there are more than five levels of management, the organization is said to be high in vertical differentiation.
► COMMERCE, FINANCE used to describe the different stages of an industrial or commercial process, and the organizations involved: vertical agreement/market/restraint »Vertical restraints can be used to isolate national markets, particularly where there are price differences between EU Member States.
Financial and business terms. 2012.