0
How did vertical integration help businesses such as the Carnegie Company and tycoons like Andrew Carnegie?
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.
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Ross
Taiga
Add your answer:
Earn +20 pts
Vertical integration in the film industry?
Vertical integration in the film industry is a process through which the various steps of film production are controlled by a single company. This is aimed at empowering the company in the industry.
In which type of organization does a company own all elements from raw material to finished product?
Vertical Integration
In what business was Andrew Carnegie able to make his millions?
Andrew Carnegie gave 80% of his money away to education. Carnegie thought that education was very important.
What was the first billion dollar corporation in the U.S.?
Carnegie Steel Company was the first one.
Which robber baron is best known for consolidating Carnegie Steel and the National Steel Company into U.S. Steel in 1901?
J.P Morgan
