How Did Carnegie Use Vertical Integration
Click to see full answer. Vertical Integration was first used in business practice when Andrew Carnegie used this practice to dominate the steel market with his company Carnegie Steel. Gghhiui8 Customer Interaction Iot Iot Projects If he owned the rails and the mines he could reduce his costs and produce cheaper steel. . Below your completed visual above write your own definitions for vertical and horizontal integration. Vertical Integration was first used in business practice when Andrew Carnegie used this practice to dominate the steel market with his company Carnegie Steel. With the flow from one business to another Carnegie was able to protect the profit made by keeping it all in a sort of cycle. All these tactics made the Carnegie Steel Company a multi-million dollar corporation. He gained control of the businesses performing each phase of a products development. It allowed him to cut prices and exhuberate his dominan...
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