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Which type of business is predicted to dominate the us economy in the future?

Morton West 2400 s Home Ave


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.


What exists when a few firms dominate the market?

Oligopoly


What cutthroat business practices did Rockefeller use?

John D. Rockefeller employed several cutthroat business practices to dominate the oil industry. He utilized tactics such as predatory pricing, where he temporarily lowered prices to drive competitors out of business. He also engaged in secret deals with railroads for preferential shipping rates, which further marginalized his rivals. Additionally, Rockefeller often used mergers and acquisitions to consolidate control, ultimately leading to the formation of the Standard Oil monopoly.


Why did Rockefeller become intersted in the oil business?

John D. Rockefeller became interested in the oil business due to the growing demand for kerosene, which was used for lighting homes and businesses in the late 19th century. Recognizing the potential for profit, he co-founded Standard Oil in 1870, focusing on refining and distributing oil. His business acumen and innovative practices, such as vertical integration and efficient production methods, allowed him to dominate the industry and significantly influence the oil market.

Related Questions

What are the Domestic implications of foreign policy?

If a country is poor the international politics dominate her and for the richer states these are power games.


What does Craft International do?

It provides skills necessary to dominate your adversary.


South Americans have come to dominate what international professional sport?

soccer.


Who helped carry the worlds first international mail on his planes?

William E. Boeing, along with Eddie Hubbard, made the first international airmail flight on March 3, 1919. He would continue to dominate the airmail business with his airplanes through the 1930s.


Which countries now dominate the International Gymnastics and why?

china, usa romia Russia


Why was Britain able to dominate India for 200 years?

differences in language and religion prevented unity among the people of India


What are Two groups that dominate commerce in one business market called?

Duopoly, a specific instance of oligopoly.


In the US what privileges belong to the group considered to be the dominant culture?

White males dominate politics, religion, and business.


Which type of business is predicted to dominate the us economy in the future?

Morton West 2400 s Home Ave


What privileges belong to the group considered to be the dominant culture in the US?

White males dominate politics, religion, and business.


Which countries now dominate the international gymnastics scene and why?

china, usa romia Russia


What is an example of a sentence using the word dominate?

She likes to dominate the conversation. There are recessive and dominate genes.