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What does Industrial Revolution Vocabulary word horizontal consolidation mean?
Wiki User
∙ 15y ago
the process of bringing together many firms in the same business to form one large company
Wiki User
∙ 15y ago
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Where did Americans Industrial Revolution begin to take root?
Our industrial revolution generally took root in the latter 1800's near large cities, often ones with ports. Places like Chicago had enormous rail access which made it easier for large companies to expand further through vertical/horizontal integration. Urban population grew to unseen levels as a result of rural/foreign migration as well. If you're looking for specific city names, they're usually cities that are either near ports, major rail hubs, or large natural resources. Chicago, pittsburg, Boston, New York, etc.
How did the industrial revolution change the way of life in America?
The industrial revolution led the way for more advances in history. it was a time when machines became a major thing around the world.
Should the dots in yin yang be vertical or horizontal and should the light be ontop of the dark?
horizontal
When constructing a graph where is x labeled?
Normally x is the horizontal axis and y is the vertical axis
What flag has orange and green horizontal lines?
India has green and orange horizontal bands, with a white band in between which has an emblem on it.
What is the term horizontal consolidation?
Horizontal consolidation is when companies try to merge with each other, whereas vertical consolidation is where the business tries to actually take over to benefit themselves!
Name four methods that industrialists may have used to dominate their industry?
oligopoly, monopoly, vertical consolidation, horizontal consolidation
How did methods such as a vertical and horizontal consolidation and fators such as economies of scale help companies dominate their markets?
How did methods such as a vertical and horizontal consolidation and fators such as economies of scale help companies dominate their markets?
How did John D Rockefeller change America?
john changed the world by making the horizontal consolidation.
Did Andrew Carnige use horizontal or vertical consolidation to gain control of the steel industry?
He used both
What is the term for horizontal consolidation?
Horizontal and vertical consolidation are ways in which businesses can try to expand. Vertical consolidation involves buying firms up or down the supply chain. For example - a firm might buy companies that provide it with the materials it needs to produce the goods. It is buying other companies that do not compete with it, but are part of making or selling the product it made originally.
What are the benefits of horizontal consolidation?
Horizontal integration/consolidation allows lower costs as it produces a larger company. Larger company produces more services and products. The higher output leads to greater economies of scale and higher efficiency. The integrated company can offer more produce or service as well. These factors lead to an increase in market power, reduced competition and access to new markets.
How was Rockefeller a captain of the industry?
Using horizontal consolidation, Rockefeller took hold of the entire petroleum refining process. He ruled only that part of the process, and revolutionized it. Someone like Andrew Carnegie used vertical consolidation, in which he controlled every aspect of the steel business, from mining to manufacturing to transporting to selling.
Ownership of several companies making the same product is called what?
It's called horizontal consolidation. It's like Pizza Hut owning patingtons, little ceasers, papa johns,and papa Murphy's
First of the great industrial trusts organized through a principle of horizontal integration that ruthlessly incorporated or destroyed competitors?
The Oil company
Where did Americans Industrial Revolution begin to take root?
Our industrial revolution generally took root in the latter 1800's near large cities, often ones with ports. Places like Chicago had enormous rail access which made it easier for large companies to expand further through vertical/horizontal integration. Urban population grew to unseen levels as a result of rural/foreign migration as well. If you're looking for specific city names, they're usually cities that are either near ports, major rail hubs, or large natural resources. Chicago, pittsburg, Boston, New York, etc.
How did methods such vertical and horizontal consolidation and factors such as economies of scale help companies dominate their markets?
Vertical consolidation and factors such as economies of scale will help companies dominate their markets because more people will buy what a big business sells because it will cost less. Poor people will be able to buy the product because it will be cheap like a dollar instead of going to a small business's were it would cost twice as much.
