Question

1. identify the business strategy that rockefeller used to successfully control over 90% of the oil produced in the united states.

a. vertical integration
b. trusts
c. horizontal integration
d. monopoly

1. this is a market - based economic system in which individuals or corporations privately own the means of production.
2. a belief that humans, like other forms of life, compete for survival and that those who are naturally superior will meet with the greatest success.
3. closing down a factory or mill so that workers cannot work there is a tactic called strike

Explanation:

1. Rockefeller used horizontal integration to control a large - share of oil production by merging with or acquiring competitors in the same industry.
2. Capitalism is an economic system where individuals or corporations privately own the means of production.
3. Social Darwinism is the belief that humans compete for survival and the superior ones succeed, drawing on Darwin's ideas of natural selection.
4. A lock - out is when an employer closes a workplace to prevent workers from working, which is different from a strike (workers stopping work). The answer "Strike" in the question is incorrect for this definition.

Answer:

1. C. Horizontal Integration
2. Capitalism
3. Social Darwinism
4. Lock - out