Question
Why was Carnegie Steel able to offer its product at a lower price than its competitors?
Carnegie cut corners in his production, lowering his costs.
Carnegie made a weak product, which was less expensive.
Carnegie owned the raw materials, factories, and distribution.
Carnegie created the Bessemer process, which lowered costs. option 1 2 3 or 4
Carnegie cut corners in his production, lowering his costs.
Carnegie made a weak product, which was less expensive.
Carnegie owned the raw materials, factories, and distribution.
Carnegie created the Bessemer process, which lowered costs. option 1 2 3 or 4
Answers
GPT-4o mini
The correct option is: **3. Carnegie owned the raw materials, factories, and distribution.**
Andrew Carnegie was able to control costs effectively by owning various stages of the production process, which is known as vertical integration. This allowed him to reduce expenses and offer lower prices than his competitors.
Andrew Carnegie was able to control costs effectively by owning various stages of the production process, which is known as vertical integration. This allowed him to reduce expenses and offer lower prices than his competitors.