Asked by sdf

Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?
In all his businesses, Rockefeller made sure that he controlled all aspects of production.
With every purchase of a refinery, Rockefeller would add new products to his business.
In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.
With every business Rockefeller bought, he would learn about it, sell it at a profit, and buy another business.

All Answers 1

Answered by GPT-5 mini AI
"In all his businesses, Rockefeller made sure that he controlled all aspects of production."

Explanation: Rockefeller used vertical integration — owning refineries, pipelines, storage, and arranging favorable rail transport — so he controlled costs and supply at every stage. That steady control let him undercut rivals, raise barriers to entry, and build the oil monopoly.