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

Question

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

Answer 1

Horizontal integration significantly changed the way business was done in America primarily through the option: Large companies grew larger by merging with other companies or acquiring them.

This strategy allowed corporations to consolidate their power within specific industries, reduce competition, and gain greater market share. As a result, businesses could achieve economies of scale, leading to increased efficiency and profitability. This consolidation reshaped industries and influenced market dynamics, giving rise to the dominance of big corporations.