Which of the following best accounts for the success of Standard Oil?
A) Its scientists found new technical processes for refining oil more efficiently.
B) It bought out the Erie Railroad in order to keep transportation charges of goods low.
C) It was one of the first companies to invest heavily in advertising.
D) Rockefeller was lucky to find the highest-quality oil on his Ohio farm and sell it for profit.
E) Its eventual corporate structure, known as vertical integration, allowed it to grow tremendously.
Correct Answer:
Verified
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