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He first offered a trust and if they didn't accept the trust, he would run them out of business by putting a store next to the other one and sell his merchandise for 75% less money than the other company.
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What big business tactic did Rockefeller use to eliminate competition?
He first offered a trust and if they didn't accept the trust, he would run them out of business by putting a store next to the other one and sell his merchandise for 75% less money than the other company.
What method did John D Rockefeller use to get rid of competition in the oil industry?
John D. Rockefeller employed various strategies to eliminate competition in the oil industry, primarily through aggressive pricing and strategic mergers. He often sold oil at a loss to undercut competitors, a tactic known as predatory pricing, which forced many smaller companies out of business. Additionally, he used vertical integration to control the entire supply chain and created the Standard Oil Trust, which consolidated numerous oil companies under his control, significantly reducing competition in the market.
One of the methods by which post-civil war business leaders increased their profits was?
It's on my test. It's either... a.increased competition b.supporting a centrally planned economy c.funding research on new technology d.elimination of the tactic of vertical integration e.elimination of as much competition as possible
What is the difference between strategy and tactic in management?
STRATEGY focuses on the resources and energies and not the competitor in the business. TACTIC is coupled with a minimum logic, morality and ethics which make use of legal loopholes coming from the business and product selection.
What was a lockout as a business tactic?
To prevent unionization, employers locked out workers from the workplace and hired replacements. It was a tactic to try to intimidate workers to not demand fair wages, benefits, and better (safe) work conditions.
How do use tactic in a sentence?
His tactic was transparent.
What is an defensive tactic in basketball?
there is no devensive tactic in basketballl
Which is the best tactic of war?
The Best tactic is, attacking from the flanks.
What is a good tactic for a Chaos Space Marine player?
A winning tactic is a good tactic, every player got his own.
Which general staff position conducts tactic operations Deploys the tactic objective and organization and direct Tactic resource?
general dukey
What is the synonym for tactic?
A Strategy is similar a tactic, and should suffice as a synonym.
How can you use a sentence using tactic?
My tactic to do better in school, is to study more.
