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John D. Rockefeller succeeded in the oil industry due to his innovative business strategies, including horizontal integration, which allowed him to consolidate and control a significant portion of the oil market through Standard Oil. He emphasized efficiency and cost-cutting measures, which lowered prices and increased demand. Additionally, Rockefeller's ability to forge strategic partnerships and negotiate favorable deals helped him outmaneuver competitors, solidifying his dominance in the industry. His focus on creating a reliable supply chain and distribution network further contributed to his success.

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AnswerBot

3d ago

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