Rockefeller made a deal with the railroads that led to him expanding horizontaly to take over the major refineries. Once he went horizontal he went vertical. Rockefeller controlled the up-stream, the pipelines, and the retail outlets.
go read the text book u lazy bum
John D. Rockefeller was crucial to American history as the founder of Standard Oil and a pioneer in the oil industry, which played a vital role in the country's economic development. His business practices, including the use of monopolies and vertical integration, significantly shaped the modern corporate landscape. Rockefeller's wealth and influence also led to substantial philanthropic efforts, impacting education and public health. Thus, he made a lasting difference in both the economy and society.
Yes
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Vertical integration occurs when a company owns several parts of the chain that ends in a finished product. For example, if the company produces the raw ingredients and also owns the means of turning those ingredients into finished products, this gives them an advantage compared to a company that has to find someone to use their raw product.
Rockefeller made a deal with the railroads that led to him expanding horizontaly to take over the major refineries. Once he went horizontal he went vertical. Rockefeller controlled the up-stream, the pipelines, and the retail outlets.
The BBC is a vertically integrated company because all of it channels are from one company.
John D. Rockefeller's Standard Oil
Vertical integration is the merging of companies at different stages of production that aide in making one product. For example, if you wanted to use vertical integration to make a bottle of side, you would buy the company that made the glass for the bottles, the company that makes the bottle caps, the company that makes the labels ect. Carnegie and Rockefeller used this with their respective companies which were steel production and oil
1.)Vertical Integration: a process in which you buy out the other competitors in order to be the only one left, creating a monopoly 2.)Horizontal Integration: companies that produce the same products merge together, to create a monopoly
I don't actually know who or what Rockefeller is but generally businesses use horizontal integration to grow, increase capital (money), increase market share, eliminate the competition, establish a company or to overpower smaller competitors. Sorry I couldn't be more specific about Rockefeller! I hope I helped you in some way :)
go read the text book u lazy bum
In a trust, a board of trustees controls the stock of several companies
In a trust, a board of trustees controls the stock of several companies
In a trust, a board of trustees controls the stock of several companies
In a trust, a board of trustees controls the stock of several companies
In a trust,a board of trustees controls the stock of several companies