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Which steel tycoon used vertical intergration to increase profits?
Andrew Carnegie
What is Horizontal Intergration?
Controlling the prices for a product by eliminating the competition.
With the example of COMESA state the disadvantages and andvantages of economic intergration?
d
How did Andrew carnegie use vertical or horizantal intergration to build wealth?
Andrew Carnegie employed vertical integration to build his wealth in the steel industry by controlling every aspect of production, from raw materials to transportation and distribution. By owning iron mines, steel mills, railroads, and shipping lines, he reduced costs and increased efficiency, allowing him to dominate the market. This strategy not only maximized profits but also ensured greater control over the supply chain, ultimately leading to Carnegie Steel's success and his substantial fortune.
What is horizontal and vertical price fixing?
Explain the differences between horizontal and vertical price fixing..
What process by which a copnay buys out all of its suppliers?
Vertical Intergration
Which steel tycoon used vertical intergration to increase profits?
Andrew Carnegie
What is the definition of combining companies that supply equipment and services for a particular industry?
Vertical Intergration
What are horizontal and vertical intergration?
Vertical Integration is owning a section of a business and horizontal integration is owning all businesses in a certain field.
How did vertical intergration allow a business to reduce cost?
By controlling the business at each phase of a product'sdevelopment, vertical integration allowed abusiness to reducecosts
How did vertical intergration allow business to reduce costs?
By controlling the business at each phase of a product'sdevelopment, vertical integration allowed abusiness to reducecosts
In which system does company control the businesses that make up all phases of a product's development?
vertical intergration
Which system does one company control the businesses that make up all phases of a products development?
vertical intergration
In which system does one company control the business that make up all phases of a products development?
vertical intergration
What is an example for vertical integration would be?
Vertical intergration is where a company moves down the chain of distribution for example Thomas Cook is a tour operator and then it became a travel agents as well
Why would horizontal or vertical integration help a company?
horizontal intergration- buying out or driving out competitors. ex. Rockefeller, Standard Oil vertical intergration- controlling all steps in a proccess of making something raw a finished product. ex. Carnegie Steel
Latin American Intergration Association?
latin American intergration association historical background ? Goal and objective? results?
