answersLogoWhite

0

Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Industrial Engineering

Industrialist Andrew Carnegie donated millions of dollars to help?

build libraries


What method did Andrew Carnegie use to build the nations largest steel company?

Vertical Integration


What can you say about Philippines industry?

The Philippines' industry is diverse, encompassing sectors such as manufacturing, agriculture, mining, and services. The country is known for its robust electronics manufacturing and business process outsourcing (BPO) industries, which contribute significantly to its GDP. While the government aims to boost industrial growth through initiatives like the "Build, Build, Build" program, challenges such as infrastructure deficits and regulatory issues remain. Overall, the industry is poised for growth, driven by a young workforce and increasing foreign investment.


How did John Deere's steel plow help industry?

It allows farmers and settlers to move out and build new homes and farms in places that had been a wilderness. The steel plow allowed them to till the soil and build roads and clear trees and this helped America expand to the West.


Four main factors of production as applied to a typical project in the construction industry?

The four main factors of production as applied to a typical project in the construction industry include: · land as the capital cost of purchase · labour as the human resource to build the project, · capital as the finance required to invest in the project · entrepreneur as the owner of the company providing the inspiration to complete the project

Related Questions

What empire did Andrew Carnegie buiid?

Andrew Carnegie didn't build an actual empire. It was just the name given to his work. Andrew is known for creating what is referred to as a "Steel Empire". He was a Scottish industrialist who led the huge expansion of the steel industry in the 19th century.


How did Andrew Carnegie business start?

He Found a steel industry in the United StateThen he decided to build tall very tall buildings called skyscrapers from steel


Where in Pennsylvania did Andrew Carnegie live when he moved from Scotland?

When Andrew Carnegie moved from Scotland to the United States, he initially settled in Pittsburgh, Pennsylvania. The family arrived in the U.S. in 1848, and Pittsburgh was where Carnegie would later build his fortune in the steel industry. The city's booming industrial environment was pivotal to his success and development as a business leader.


Industrialist Andrew Carnegie donated millions of dollars to help?

build libraries


What type of construction was Andrew carnegie's company set up to do?

Build railroads


How many Carnegie Libraries were funded by Andrew Carnegie?

Andrew Carnegie's company the Carnegie Corporation of New York helped build 1,689 public libraries in the United States between the years 1883 and 1929. Worldwide the number is 2509.


Which philanthropist build more than 2000 libraries world wide?

Andrew Carnegie


What method did Andrew Carnegie use to build the nations largest steel company?

Vertical Integration


Which industrialist donated money to build over 3000 libraries across the country?

Andrew Carnegie


Did Andrew Carnegie build an orphanage?

Yes, Andrew Carnegie established several institutions to support children, including the Carnegie Libraries and the Carnegie Institute of Technology, but he did not specifically build an orphanage. His philanthropic efforts were focused on education and public libraries, reflecting his belief in the importance of knowledge and self-improvement. While he supported various charitable causes, including some that aided children, there is no record of him founding an orphanage.


What evidence do you find that Andrew Carnegie followed his own advice in rising to the top?

Andrew Carnegie followed his own advice in rising to the top by emphasizing continual self-improvement, networking with influential figures, and making strategic investments to grow his wealth. He applied his principles of hard work, innovation, and adaptability in his own business ventures, particularly in the steel industry, which ultimately led to his success and accumulation of wealth.


What methods did Rockefeller and carnegie use?

John D. Rockefeller and Andrew Carnegie employed various methods to build their business empires. Rockefeller utilized horizontal integration, acquiring competing oil companies to establish a monopoly in the oil industry, while also employing aggressive pricing strategies to drive out competitors. Carnegie, on the other hand, focused on vertical integration, controlling every aspect of steel production from raw materials to distribution, which allowed him to reduce costs and improve efficiency. Both industrialists also made significant use of innovative technologies and practices to enhance productivity and profitability.