horizontal integration
. When one company buys everything needed to produce, market, and deliver their product, they have participated in. vertical integration.
Which legal entity allowed companies to sidestep laws that forbade them from owning stock in their competitors quizlet?
Terms in this set (20)
Sherman Anti-Trust Act
. This legal entity allowed companies to sidestep laws that forbade them from owning stock in their competitors.
What is it called when one company buys or forces out all of their competitors the way John D Rockefeller did with his companys industry?
Oil. The process Rockefeller used to gain control of his company’s industry is known as.
Horizontal integration
. When one company buys or forces out all of their competitors, it is participating in. Horizontal integration.
What was the economic doctrine that was typically used by Congress and the president during the post Civil War era?
Laissez-faire
was a political as well as an economic doctrine.
What is the name for the business strategy in which a dominant corporation buys or forces out most of its competitors?
Vertical integration
refers to an expansion strategy where one company takes control over one or more stages in the production or distribution of a product. Both of these strategies are undertaken by a company in order to consolidate its position among competitors.
What is it called when one company buys everything?
An acquisition
occurs when one company buys most or all of another company’s shares. … An acquisition is often friendly, while a takeover can be hostile; a merger creates a brand new entity from two separate companies.
Is John D. Rockefeller a robber baron?
Included in the list of so-called robber barons are Henry Ford, Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller. Robber barons were
accused
of being monopolists who earned profits by intentionally restricting the production of goods and then raising prices.
What is one thing that the United States had that other nations did not that helped spur the Industrial Revolution group of answer choices?
What is one thing that the United States had that other nations did not that helped spur the Industrial Revolution?
Farming
.
What did the Legal Tender Act of 1862 do quizlet?
In 1862, Lincoln signed the Legal Tender Act which
authorized $150 million in greenbacks
. The confederacy never made it’s paper money legal tender, responded by making more paper money, which caused southern inflation. Greenbacks was the name for Union paper money not backed by silver or gold.
Who is best associated with the steel industry?
Andrew Carnegie
, (born November 25, 1835, Dunfermline, Fife, Scotland—died August 11, 1919, Lenox, Massachusetts, U.S.), Scottish-born American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He was also one of the most important philanthropists of his era.
Who owns most property resources in a command system?
- True: in a command economy, the government owns most property resources. …
- command system. …
- Markets and prices. …
- Government. …
- A market system. …
- True. …
- By locating production facilities optimally to hold down production and transportation expenses. …
- the cost of needed resources.
Which of the following was a key idea in the free market system?
A free market is one where voluntary exchange and the laws of supply and demand provide the sole basis for the economic system, without government intervention. A key feature of free markets is
the absence of coerced (forced) transactions or conditions on transactions
.
Was Reconstruction after the Civil War a success or failure?
Reconstruction was a failure
. … Despite the loss of ground that followed Reconstruction, African Americans succeeded in carving out a measure of independence within Southern society.
What are some examples of corporate strategies?
- Cross-sell more products. …
- Most innovative product or service. …
- Grow sales from new products. …
- Improve customer service. …
- Cornering a young market. …
- Product differentiation. …
- Pricing strategies. …
- Technological advantage.
What are the three main types of corporate strategies?
There are many corporate strategies examples but they can be condensed into three core approaches –
growth, stability, and renewal
.
What was the grandfather clause quizlet?
The Grandfather Clause was
a provision that allowed a voter to avoid a literacy test if his father or grandfather had been eligible to vote on January 1st, 1867
. This allowed illiterate white males to vote because they didn’t have to pass the literacy test.
