Ask a New Question
Menu

How did horizontal integration change the way business was done in America?

A. • Large companies grew larger by merging with other companies or acquiring them.
B. • Big corporations could control the cycle of a product from creation to sale.
C. • Big companies were not allowed to destroy their smaller competition anymore.
D. • Business leaders could move into jobs of similar status where their skills were more of a fit.

1 answer

A. • Large companies grew larger by merging with other companies or acquiring them.

This option best captures the essence of horizontal integration, which is the practice where companies merge or acquire others in the same industry to increase market share and reduce competition. This strategy fundamentally changed the landscape of American business by leading to the formation of monopolies and oligopolies, allowing a few large corporations to dominate significant market sectors.