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John D. Rockefeller responded to the loss of customers to electricity by adapting his business strategy. He recognized the growing competition from electric power and sought to diversify his investments, including acquiring interests in electric utilities. Additionally, Rockefeller focused on improving the efficiency and marketing of his oil products, ensuring that they remained competitive and relevant in a changing energy landscape. This proactive approach helped him maintain his dominance in the energy sector despite the rise of electricity.

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What are the advantages and disadvantages of load shedding?

There is no denying the fact that how important is the electricity in our day to day life. Life comes to a stand still the students have to bear a great loss of study. Due to the loss of electricity there are swarms of mosquitoes to suck the blood of the people living in Karachi city. More over, many hospitals and maternity


What are the advantages and disadvantages of power load shedding?

There is no denying the fact that how important is the electricity in our day to day life. Life comes to a stand still the students have to bear a great loss of study. Due to the loss of electricity there are swarms of mosquitoes to suck the blood of the people living in Karachi city. More over, many hospitals and maternity


What are effects of load shedding on industries?

Loss of production: where most industries use electricity for machinery, technology and light to complete the day’s work, loss of electrical power means that the day’s target cannot be completed. Loss of profit: with the loss of production, there is a loss of profit, and in some cases, a large loss. Industries cannot keep pay their employees to be present during a power outage as essentially they will be paying a ‘non-worker’.


What is likely to lead to a decrease in the price of a company's stock?

The price of a stock typically changes with demand for the stock, which results from the actions of buyers and sellers. Things that typically lead to a reduction in a company's stock price include: - a decrease in net profits - a loss of market share, or an increase for competitors - revaluation or loss of assets - loss of confidence in the company's leadership - failure of a key product, or failure to interest potential customers


Why does a monopoly result in a deadweight loss?

A monopoly results in a deadweight loss because it restricts competition, leading to higher prices and lower quantity of goods produced than in a competitive market. This inefficiency occurs because the monopoly can charge higher prices without fear of losing customers to competitors, reducing overall economic welfare.

Related Questions

Can you reduce pressure loss and friction loss on pipelines with electricity?

no you can not


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The accepted proper way to respond to a person expressing their sympathy for your loss (as far as "etiquette" goes) is to simply say "Thank You".


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Most places have loss prevention employees that are watching customers and cameras at all times. They will have employees dressed in normal clothing to watch the customers as they shop.


What is the word for a personal loss to develop and market a new product?

You can respond to personal loss by.... please i need the answer!!


What is the loss of static electricity as electric charges transfer from one object to another?

Static electricity


How can energy loss be minimised when trasnmitting electricity?

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How do you make a business loss customers?

Go work there, you will make them leave.


What is unwanted heat loss called in electricity?

Unwanted heat loss in electricity is called resistive loss or I2R loss, where I represents the current flowing through a device and R represents the resistance of the device. This type of energy loss occurs as heat when electrical current passes through a conductor with resistance.


What is the loss of static electricity called?

The loss of static electricity is called "discharge." This occurs when excess electric charge on an object is neutralized by transferring electrons to or from another object.


What is an example of a loss leader?

An example of a loss leader is a popular electronic device sold at a discounted price by a retailer to attract customers into their store. The retailer may incur a loss on the sale of the device but aims to make a profit by selling complementary accessories or other items to these customers.


Is there such thing as dogs losing their memory?

yes they will not respond to you or growl at you because of their memory loss


Why is electricity transported at low amperage?

To reduce power loss in the cable.