Question

Beginning with a small oil refinery, this man‘s Standard Oil began to put competitors out of business. Who was he?

Answer 1

Answer:

John D. Rockefeller

Explanation:

John D. Rockefeller Senior was the  founder of Standard Oil.

Standard Oil  was an American company producing, transporting, processing and marketing oil and a monopoly. Founded in 1870 by John D. Rockefeller and Henry Flagler as an Ohio corporation, it was the largest oil refinery in the world of its time. Its history as one of the first and largest multinational corporations in the world ended in 1911, when the U.S. Supreme Court ruled in one important case, that Standard Oil is an illegal monopoly.

Standard Oil initially dominated the petroleum product market through horizontal integration in the refining sector, then in later years vertical integration; the company was an innovator in developing business confidence. Standard Oil's trust simplified production and logistics, reduced costs and reduced competitors. Standard Oil to use aggressive prices to destroy competitors and form a monopoly that threatened other companies.

Answer 2

Answer:

its rockefeller i just took test

Explanation: