WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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by using the Chinese Exclusion Act and Gentlemen’s Agreement
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Passing the Sherman Antitrust Act and Interstate Commerce Act
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Using vertical and horizontal integration to obtain companies
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writing books to help out striking workers in America
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Detailed explanation-1: -Differentiate from competitors Vertical integration may allow a company to set itself apart from its competitors. For example, a company that manufacturers electronics could establish itself as a retailer, providing an experience for its customers that its competitors cannot.
Detailed explanation-2: -There is only one type of horizontal integration unless you wish to count true monopoly and still competitive as separate. Vertical integration allows for control of the supply chain. Horizontal integration allows for control of the market and customer base.
Detailed explanation-3: -Traditional monopolies are achieved through horizontal integration, when one firm merges with its direct competitor, creating a larger firm that controls a greater portion of the market. Vertical integration describes a circumstance when a single firm seeks to control more than one stage in the supply chain.
Detailed explanation-4: -Horizontal integrations help companies expand in size, diversify product offerings, reduce competition, and expand into new markets. Vertical integrations can help boost profit and allow companies more immediate access to consumers.