Rockefeller was willing and able to absorb short term losses so that he could drive his competition out of business.

Question

Quizplus · Accepted Answer

This is true. Rockefeller was known for his ruthless business tactics, which included undercutting his competition on prices so much that they could not stay in business, and then buying them out at a reduced price. He was able to do this in part because of his vast resources and financial backing.

Rockefeller Was Willing and Able to Absorb Short Term Losses