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How did the Bessemer process contribute to the development of Carnegies monopoly?
The purchase enabled Carnegie to discover a more efficient production method
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.
What is SWOT analysis of logic?
A SWOT analysis is simple method of analysing a business when writing a business plan. It stands for: -Strengths -Weaknesses -Opportunities -Threats
How business valuation works?
There exist 3 main ways in which businesses can be valued. The first is the multiples method (earnings are multiplied by an industry standard number), the second is the assets method (the business is worth the liquidatable value of its assets), and the third and most accurate is the Discounted Cash Flow methodology. This method is far more complicated, and is typically utilized by finance experts. The oversimplification is the business is worth the sum of all of its future cash flows, discounted back to the present using a discount rate. The discount rate includes inflation, risk adjusted return on investment, and other factors. I had my business valued by EZaluate.com and was extremely pleased with their work. They use the DCF method and it was only $149.
What are the advantages and disadvantages of business valuation?
As a business owner, or someone looking to purchase a business, a valuation is incredibly, well, "valuable". Everything else in our lives seems to have a price, but so often small business owners have no idea how much their businesses are worth. A good business valuation can be useful in tracking the success of a business over time, securing a loan, dealing with investors, satisfying an owners curiousity, and is a necesity if you are looking to sell or aquire a business. The disadvantages are obvious, in that the valuation is purely theoretical, and a business is only worth what someone will pay for it. I had my business valued by EZaluate.com and found the valuation to be extremely precise and wound up selling for only $3000 more than they said the business was worth. It's all about finding the right valuator, and ensuring that they use the right method. The Discounted Cash Flow method is most accurate, and widely used on Wall Street.
What method did Rockefeller use to build his oil empire?
He bought out the competition , and he lowered his prices to drive competitors out of business .
How did the Carnegie's purchase of Allegheny Steel contribute to the formation of his monopoly?
The purchase enabled Carnegie to discover a more efficient production method
Did Cornelius Vanderbilt make the US steel corporation?
Andrew Carnegie worked with steel and used the business method of "vertical integration" (in which he took all parts of the steel making process into his own hands to decrease his spending, improve quality of the steel, and monitor work during each step). This isn't really relevant to the question, but if you want to more more enlightened, the method of "horizontal integration" was a creation of John Rockefeller, in which he allied with other companies to eliminate competition. Eventually, J.P. Morgan took over Carnegie's business and founded the United States Steel Corporation. Now, Cornelius Vanderbilt worked with steamboats and railroads, eventually dominating the railroad business. His money went into the founding of Vanderbilt University, in which his name is most remembered. He did, however, replace the iron rail with a much more efficient steel rail. I hope this helped, Megan
What research method was used in Philip zimbardos study Stanford county prison?
the experiment
What research method was used in Philip Zimbardos study the Stanford County Prison?
the experiment
How did Andrew Carnegie make steel?
Andrew Carnegie used the Bessemer process to make steel. This method made steel making both very cheap and very efficient.
What method did Andrew Carnegie use to build the nations largest steel company?
Vertical Integration
How is scientific method applied to business organization?
The scientific method can apply to business in that both require some testing. If one method of business organization does not work, another can be tried.
How did the Bessemer process contribute to the development of Carnegies monopoly?
The purchase enabled Carnegie to discover a more efficient production method
What did Griffith descover?
According to the Stanford Hospital, he invented a new method for treating brain tumors by using directed radiation.
Explain the capitalistic method of doing business?
Capitalistic method f doing business is having a business through private means - example, doing business on your own property, with your own resources.
What is optimization method?
Effective business practices
