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Excessive (over-) dependence on the suppliers, implying lack of control on supply side.
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What did Andrew Carnegie use to create a monopoly?
toothpaste
How did Andrew Carnegie use his wealth?
He used his wealth to donate to over 350,000,000 dollars to diffrent organizations
Which wealthy businessman wrote the essay The Gospel of Wealthin which he encouraged wealthy people to use their money to benefit society?
Andrew Carnegie
Which of these indicated how serious the nulification crisis was?
Andrew Jackson was prepared to use troops to make sure federal laws were followed. [Apex]:)
Which wealthy businessman wrote the essay "The Gospel of Wealth," in which he encouraged wealthy people to use their money to benefit society?
Andrew Carnegie
Who practice vertical integration in the late 1800's?
Nineteenth-century steel tycoon Andrew Carnegie introduced the concept and use of vertical integration
What method did Andrew Carnegie use to build the nations largest steel company?
Vertical Integration
How did Andrew carnegie use vertical integration to dominate the steel industry?
buying every part of the process, there by taking business away from other companies.
How did Andrew Carnegie use vertical integration to increase his power?
He used vertical integration so that he did not have to cooperate with the companies that sold raw materials. He also took rebates from railroad companies.
How did Andrew Carnegie use vertical integration to his advantage as he built his steel empire?
buying every part of the process, there by taking business away from other companies.
Does the BBC use horizontal integration or vertical integration?
The BBC is a vertically integrated company because all of it channels are from one company.
How does McDonald's use vertical integration to reduce competition and make its business more profitable?
McDonalds is a corporation that has full vertical integration. This means they own the production and raising of cattle to the transportation and distribution of their end product.
How did the Vertical integration help businesses such as Carnegie's Company and tycoons like Andrew Carnegie?
Vertical integration occurs when a company owns several parts of the chain that ends in a finished product. For example, if the company produces the raw ingredients and also owns the means of turning those ingredients into finished products, this gives them an advantage compared to a company that has to find someone to use their raw product.
What is vertical integration and how did Rockefeller and carnegie use it to their advantage?
Vertical integration is the merging of companies at different stages of production that aide in making one product. For example, if you wanted to use vertical integration to make a bottle of side, you would buy the company that made the glass for the bottles, the company that makes the bottle caps, the company that makes the labels ect. Carnegie and Rockefeller used this with their respective companies which were steel production and oil
What late nineteenth century businesses made extensive use of vertical integration?
John D. Rockefeller's Standard Oil
Did Andrew Carnige use horizontal or vertical consolidation to gain control of the steel industry?
He used both
What methods to Andrew Carnegie use to build his industry?
Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.
