Question

Back in the late 19th century, the carnegie steel company controlled not only the mills where the steel was manufactured, but also the mines where the iron ore was extracted, the coal mines that supplied the coal, the ships that transported the iron ore and the railroads that transported the coal to the factory. Through several _____ mergers the steel company gained control of the various resources it needed to product steel.

Answer 1

Answer:

Back in the late 19th century, the carnegie steel company controlled not only the mills where the steel was manufactured, but also the mines where the iron ore was extracted, the coal mines that supplied the coal, the ships that transported the iron ore and the railroads that transported the coal to the factory. Through several backward vertical integration mergers the steel company gained control of the various resources it needed to product steel.

hope it helps..

Answer 2

Backward Vertical Integration was the form of merger that steel companies gained control from.

• Backward integration is a type of vertical integration where a company takes on responsibilities that were previously handled by companies higher up the supply chain.
• In other words, backward integration occurs when a business acquires a supplier of goods or services for its own operations.
• Backward integration is the process through which a corporation takes on responsibilities that were previously handled by suppliers higher up the supply chain.
• Backward integration frequently entails the acquisition of or a merger with a supplier of the company's goods.
• When backward integration is anticipated to increase efficiency and save costs, businesses embrace it.
• Backward integration can be capital-demanding, which means that acquiring a portion of the supply chain frequently costs a sizable quantity of money.

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