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

Question

1 point

1. Business leaders could more into jobs of similar status where their skills were more of a fit.

2. Big companies were not allowed to destroy their smaller competition anymore.

3. Big corporations could control the cycle of a product from creation to sale.

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

Answer 1

The correct answer is:

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

Horizontal integration allowed businesses to consolidate their market position by acquiring or merging with competitors, leading to larger companies and a more concentrated market. This strategy significantly changed the competitive landscape in the U.S. economy.