What is vertical integration? How did Andrew Carnegie apply it to his steel company?
What will be an ideal response?
Answer: The ideal answer should include:
Firms that pursue a strategy of vertical integration try to gain control of all aspects of production and distribution.
Andrew Carnegie owned much more than steel mills.
He employed workers in the Great Lakes region to mine the raw materials used in making steel.
He owned the ships and railroads that brought the ore to his steel mills and then transported the manufactured steel to customers.
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James II and his successors, William and Mary, would most likely have agreed on which of the following statements?
A. England should exercise tighter control over its colonies in North America. B. The British constitution gives the English monarch absolute power. C. Representative assemblies in the British colonies should be abolished. D. English regulations concerning colonial trade should be relaxed.
Which is not a true statement about the "gentlemen's agreement"?
A) ?? It was a voluntary policy between the US and Japan in which the latter would halt immigration to the U.S. B) ?? It was prompted by segregation of Japanese students in San Francisco schools. C) ?? It resolved tensions between the U.S. and Japan and improved relations between the two countries. D) ?? It was a mark of U.S. discrimination against the Japanese. E) ?? It did not stop racist and discriminatory laws in the U.S. against the Japanese.
Who undertook the most spectacular of the early European sea voyages?
A) Diaz, who was first to round Africa's treacherous Cape of Good Hope. B) da Gama, who sailed to India and explored its rich coastline. C) Cabral, who accidentally discovered Brazil and claimed it for the small empire of Portugal. D) Vespucci, who was responsible for the naming of the Americas. E) Magellan, who circumnavigated the globe.
Zionism was supported as an official policy by which country in the form of a declaration by the foreign secretary?
a. Russia b. Germany c. Britain d. France e. The Ottoman Empire