Topic 1.2 U.S. History

corporation

• A type of business
• A type of animal
• A type of fruit
• A type of car

monopoly

• The complete control of a product or service.

• A type of bird
• A brand of car
• A kind of food

John D. Rockefeller

• An American businessman
• A British novelist
• A French painter
• A German physicist

horizontal integration

• A strategy where a company acquires, mergers or takes over another company in the same industry value chain
• A strategy where a company expands its business into different product categories
• A strategy where a company expands its business into different geographical locations
• A strategy where a company reduces its business scale to focus on core competencies

trust

• friendship

• bond

• Forming a new type of business organization.

• relationship

Andrew Carnegie

• An American industrialist

  (Steel)

• A British Prime Minister
• A famous musician
• A renowned physicist

vertical integration

• T-Mobil and Metro

• Coca-Cola and Sprite

• Walgreens and Rite Aid

• Pepsi buying Frito Lay

Social Darwinism

• weak companies are successful

• Strong companies are successful

• All companies are successful

• All of these choices are correct

Interstate Commerce Commission

• A regulatory agency in the United States
• A highway system in the United States
• A trade agreement between states
• A commission for international trade

cartel

• A group of companies that agree to work together to produce and sell a product
• A type of currency
• A type of government
• A type of dance