Question

John d. rockefeller stands out among nineteenth-century business leaders because of his?

Answer 1

John d. Rockefeller stands out among nineteenth-century business leaders because of his innovative organization called vertical integration.

What is vertical integration?

Vertical integration is a procedure that entails acquiring corporate operations in order to produce the same thing.

1. When a business chooses vertical integration, they typically have control over some phases of product production and delivery.
2. Vertical integration can also be defined as the union of businesses engaged in the same line of work but at various stages of production or distribution.
3. For instance, because it involves many phases in its business, Amazon might be classified as one of the organizations with vertical integration.
4. In addition to acting as a platform for buyers and sellers, Amazon also has its own distribution network and sells some of its own goods and services.

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