Question

Question

How did the development of the trust change the way businesses operated?(1 point)
Responses

A small group of people could now own and operate multiple companies in an industry.
A small group of people could now own and operate multiple companies in an industry.

Companies were held to higher standards and prevented from acting illegally.
Companies were held to higher standards and prevented from acting illegally.

Business owners found that it was in their best interest to improve their products and services.
Business owners found that it was in their best interest to improve their products and services.

Managers were prevented from taking advantage of workers within their companies

Answer 1

The correct response to how the development of the trust changed the way businesses operated is:

A small group of people could now own and operate multiple companies in an industry.

This reflects how trusts allowed for the consolidation of businesses, leading to monopolistic practices and a concentration of economic power.