One of the main reason John D. Rockefeller was able to succeed in the oil industry was because he?

Answers

Answer 1

Answer: One of the main reason John D. Rockefeller was able to succeed in the oil industry was because he was able to "monopolize" the business--in that he bought a variety of different oil companies.

Answer 2

Answer:

Final answer:

John D. Rockefeller succeeded in the oil industry through strategic investments in oil refining, ruthless business tactics, and the implementation of horizontal and vertical integration in his growth strategy.

Explanation:

One of the main reasons John D. Rockefeller was able to succeed in the oil industry was due to his strategic approach towards business. Instead of engaging in risky ventures like many of his contemporaries, Rockefeller chose to invest in refining crude oil into kerosene, a product in high demand. He was known for his method of growth via mergers and acquisitions or horizontal integration, consolidating similar companies into his business - Standard Oil.

Rockefeller was also notorious for his ruthless business tactics - he organized agreements with large railroad companies to get discounted freight rates, thereby reducing his delivery costs. This allowed him to offer kerosene at lowered prices, effectively driving competitors out of business. Rockefeller's approach also involved buying out opponents for prices below their worth, a strategic move that enabled him to acquire nearly 95% of all the oil refining businesses in the nation.

Furthermore, Rockefeller leveraged the concept of vertical integration, establishing control of all processes in the product cycle, from production to delivery. This included investments in and acquisitions of various companies involved in everything from barrel-making to railroads. Through these strategies, Rockefeller managed to build an empire in the oil industry, setting the standard for other business magnates of his time.

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Answer:

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Explanation:

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They Have a total of 6 Valence Electrons

Answer:

Oxygen has 6 valence electrons.

Explanation:

Valence electrons are the ones which are located at the outer shell, also called as energy level, of the atom. Valence electrons are those able to interact with electrons of other elements to form chemicals bonds. The Oxygen is part of the chalcogens, group of elements in periodic table which has 6 valence electrons.

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Multiculturalism or B
I hope this helps you

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Answers

Answer:

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Explanation:

Answer:

the natives

Explanation:

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