which of the following business practices was most closely associated with john d. rockefeller and his…

which of the following business practices was most closely associated with john d. rockefeller and his company, standard oil. distributing wealth equally among all employees. acquiring competing businesses to form a monopoly. promoting labor unions to ensure fair wages. investing in multiple, unrelated small businesses. the bessemer process was a key technological innovation that benefited andrew carnegies steel company. what was the primary effect of this process on steel production? it made the production of steel more expensive and time - consuming. it enabled the mass production of high - quality steel at a lower cost. it was primarily used to produce small, custom - made steel parts for luxury goods. it created a new type of iron that was softer than traditional steel.

which of the following business practices was most closely associated with john d. rockefeller and his company, standard oil. distributing wealth equally among all employees. acquiring competing businesses to form a monopoly. promoting labor unions to ensure fair wages. investing in multiple, unrelated small businesses. the bessemer process was a key technological innovation that benefited andrew carnegies steel company. what was the primary effect of this process on steel production? it made the production of steel more expensive and time - consuming. it enabled the mass production of high - quality steel at a lower cost. it was primarily used to produce small, custom - made steel parts for luxury goods. it created a new type of iron that was softer than traditional steel.

Answer

Brief Explanations:

John D. Rockefeller's Standard Oil is well - known for using the business practice of acquiring competing businesses to form a monopoly. The Bessemer Process was a revolutionary method that allowed for the mass production of high - quality steel at a lower cost, which greatly benefited Andrew Carnegie's steel company.

Answer:

  1. B. Acquiring competing businesses to form a monopoly.
  2. B. It enabled the mass production of high - quality steel at a lower cost.