Back in the late 19^th century, the HYPERLINK "http://en.wikipedia.org/wiki/Carnegie_Steel" \o "Carnegie Steel" Carnegie Steel company controlled not only the mills where the HYPERLINK "http://en.wikipedia.org/wiki/Steel" \o "Steel" steel was manufactured, but also the mines where the HYPERLINK "http://en.wikipedia.org/wiki/Iron_ore" \o "Iron ore" iron ore was extracted, the coal mines that supplied the HYPERLINK "http://en.wikipedia.org/wiki/Coal" \o "Coal" coal, the ships that transported the iron ore and the railroads that transported the coal to the factory.Through several _____ mergers the steel company gained control of the various resources it needed to product steel. A)acquired B)combination C)horizontal D)functional E)vertical

Question

Quizplus · Accepted Answer

Carnegie Steel's control over the entire production process from raw materials to transportation exemplifies vertical integration, where a company owns or controls its suppliers, distributors, or retail locations to control its value or supply chain.

Back in the Late 19th Century, the HYPERLINK "Http://en

Back in the Late 19^th Century, the HYPERLINK "Http://en