Social Darwinism and Business Strategies

What is the explanation of Charles Darwin's Theory of Biological Evolution?

• Weak traits are passed to offspring to help them survive.

• Both the weak and the strong traits are passed to offspring to help them survive.

• Strong traits are passed to offspring to help them survive.

What is Laissez Faire in regards to the economy?

• Government keeps its hands off the economy and allows things to work themselves out.

• Limited government intervention influences how businesses are run, which impacts the economy.

• The government controls all aspects of the economy by owning all of the business.

What TWO aspects define Social Darwinism?

• Being rich was a matter of luck. Successful companies would not last.

• Being rich was predetermined by God. Successful companies were profitable because they were 'better' than unsuccessful companies.

• Being poor was predetermined by God. Unsuccessful companies did not have what it took to succeed in the marketplace.

• Being poor was a matter of luck. Unsuccessful companies could turn things around and become profitable.

What is Vertical Integration?

• A process in which companies buy out suppliers in order to control the raw materials and transportation systems.

• When companies that produce similar products merge.

What is Horizontal Integration?

• When companies that produce similar products merge.

• A process in which companies buy out suppliers in order to control the raw materials and transportation systems.

Facebook buys VSCO, Instagram, Twitter, and Snapchat to dominate the social media sphere. What is this an example of?

• Vertical Integration

• Horizontal Integration

Netflix hires actors, script writers, production companies, and movie editors to create movies to put on their platform. What is this an example of?

• Vertical Integration

• Horizontal Integration

Apply hires programmers to design their software, engineers to implement the softwares into their products, buys companies to build the products, buys warehouses to store the products, hires truck drivers to transport their products, and owns stores to sell the products. What is this an example of?

• Vertical Integration

• Horizontal Integration

Disney bought Pixar Animation Studios, and three other companies to dominate the animation sphere. What is this an example of?

• Vertical Integration

• Horizontal Integration

In West Branch, Casey's buys Kum & Go and BP to eliminate competition of gas prices. What is this an example of?

• Vertical Integration

• Horizontal Integration