Question
What business strategy did Andrew Carnegie use to control steel production from raw materials to finished products? (1 point)
Responses
Philanthropic giving.
Philanthropic giving.
Horizontal integration.
Horizontal integration.
Vertical integration.
Vertical integration.
Investment banking.
Responses
Philanthropic giving.
Philanthropic giving.
Horizontal integration.
Horizontal integration.
Vertical integration.
Vertical integration.
Investment banking.
Answers
GPT-4o mini
The correct answer is **Vertical integration**. Andrew Carnegie used vertical integration to control the steel production process from raw materials to finished products, allowing him to reduce costs and increase efficiency.