The business structure of Standard Oil was a good example of

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Standard Oil, under the leadership of John D. Rockefeller, utilized both vertical and horizontal integration to dominate the oil industry. Vertical integration involves controlling every aspect of the production process, from raw material extraction to manufacturing to distribution, while horizontal integration involves the consolidation or acquisition of similar companies in the same industry to reduce competition and achieve market dominance. Standard Oil controlled the refining, distribution, and sale of oil, and also bought out or drove out of business many of its competitors, effectively employing both strategies.

The Business Structure of Standard Oil Was a Good Example