what business practices contributed most to andrew carnegies ability to form a monopoly? combining his…

what business practices contributed most to andrew carnegies ability to form a monopoly? combining his companies into one company and controlling all aspect of steel production focusing on a single aspect of steel production using profits to support charities and greatly improving his reputation increasing his profits every year

what business practices contributed most to andrew carnegies ability to form a monopoly? combining his companies into one company and controlling all aspect of steel production focusing on a single aspect of steel production using profits to support charities and greatly improving his reputation increasing his profits every year

Answer

Brief Explanations:

Andrew Carnegie used vertical - integration. By combining his companies into one and controlling all aspects of steel production (from raw materials to distribution), he could eliminate competition and form a monopoly. Focusing on a single aspect doesn't lead to monopoly. Using profits for charity and increasing profits are not key to forming a monopoly.

Answer:

combining his companies into one company and controlling all aspect of steel production