Question

Which of the following statements best describes the process of vertical integration that Carnegie used
in the steel industry?
Carnegie's company controlled just the coke fields in the United States.
Carnegie's company made better, more expensive steel as a result of vertical integration.
Carnegie's company was able to cut only his transportation costs as a result of vertical integration.
Carnegie's company controlled every part of the production of steel.
DONE

Answer 1

The statement that best describes the process of vertical integration that Carnegie used is Carnegie's company controlled every part of the production of steel.

What is Vertical integration?

Vertical integration is a a method in which a company use to provide give a form of it's operations in which the company is Incharge of direct ownership of different stages of production process instead of depending on external contractors to be in charge.

Around 1870, Andrew Carnegie built a steel industry which he later monopolised. Both him and His associated managed the business and control the whole America Steel business.

Therefore, The statement that best describes the process of vertical integration that Carnegie used is Carnegie's company controlled every part of the production of steel.

Learn more about Carnegie steel industry below.

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Answer 2

Answer:

D) Carnegie's company controlled every part of the production of steel.