social 2(8)

what is vertical integration

• purchase of competing companies in same industry

• purchase of companies at all levels of production

what is horizontal integration?

• purchase of competing companies in same industry

• purchase of companies at all levels of production

who adopted the horizontal integration strategy?

• Carnegie

• Rockefeller

who adopted the vertical integration strategy?

• Carnegie

• Rockefeller

who purchased all the completing companies in same industry

• Carnegie

• Rockefeller

who controlled all the phases of the steel industry from mining ore to shipping finished steel

• Carnegie

• Rockefeller

what gave Carnegie a great advantage over other steel producers

Income earned from a business after covering cost

• capital

• Revenue

By increasing output, big factories were able to earn ---- revenue

• more

• less

• same

Because of --- big factories increased their output

• capital

• Railroads