What Was the Purpose of Vertical Integration,which Was Pioneered by Andrew

question 33

Multiple Choice

What was the purpose of vertical integration,which was pioneered by Andrew Carnegie in the late nineteenth century?

• A) It restructured the administrative hierarchy and,in the process,revolutionized managerial productivity.
• B) It focused on the systemic promotion of immigrants and African Americans who were working for Carnegie Steel.
• C) It concentrated on one aspect of production to the exclusion of all others.
• D) It placed all aspects of the business,from mining raw materials to marketing and transporting finished products,under the control of the chief operating officer.

Recognize the role of pricing and promotion in shaping demand.

Analyze the impact of coordinating supply and demand decisions on supply chain profitability.

Distinguish between predictable and unpredictable variability and their implications.

Understand the significance of using common components across multiple products in managing inventory.

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Definitions:

Entrepreneurs

People who start their own companies, taking on the majority of risks while also reaping the majority of benefits.

Personal Financial Risk

The potential loss of personal assets or wealth due to poor investment decisions or economic downturns.

Inventive

Characterized by creativity and the ability to develop new ideas or things, often leading to innovation.

Entrepreneurs

Individuals who initiate, manage, and accept the risks of starting and running a new business venture.