According to Alfred Chandler, Large Vertically Integrated Firms Dominated Much

question 16

Multiple Choice

According to Alfred Chandler, large vertically integrated firms dominated much of American manufacturing in the early 1900s because

• A) U.S. manufacturers sought to emulate the production practices of European manufacturers.
• B) U.S. tax laws created strong incentives for vertical integration.
• C) continuous-flow technologies were cost minimizing only when the inflow of inputs and the sale of outputs proceeded without interruption.
• D) larger firms were better able to fight the establishment of labor unions and collective bargaining arrangements.

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The shared rules, standards, and expectations that guide behavior and interactions within a society.

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To formally forbid something by law, rule, or other authority.

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