Question

why was carnegie steel able to offer its product more cheaply than its competitors? carnegie invented the bessemer process, which let him produce steel less expensively. carnegie cut his costs by owning sources of raw materials and the means of production and distribution. carnegie cut corners in his production, lowering his costs.

Explanation:

1. Analyze the first option: The Bessemer process was invented by Henry Bessemer, not Carnegie. So this option is incorrect.
2. Analyze the second option: Carnegie cut costs by owning sources of raw materials (like iron ore) and the means of production (steel mills) and distribution (railroads), which is vertical integration. This allowed him to reduce costs and offer products cheaper.
3. Analyze the third option: "Cutting corners" implies unethical or low - quality practices, and Carnegie's success was more about efficient business practices like vertical integration rather than cutting corners.

Answer:

Carnegie cut his costs by owning sources of raw materials and the means of production and distribution.