Rockefeller's Standard Oil Company was an example of a combination of horizontal and vertical integration.

Question

Quizplus · Accepted Answer

The Standard Oil Company utilized both horizontal integration (acquiring competing companies in the same industry) and vertical integration (controlling all aspects of production and distribution, from oil wells to refineries to transportation) to become the dominant force in the oil industry during the late 19th and early 20th centuries.

Rockefeller's Standard Oil Company Was an Example of a Combination