question 5 (8 points)\nwhich of the following shows a similarity in the business practices of john d…

question 5 (8 points)\nwhich of the following shows a similarity in the business practices of john d. rockefeller and andrew carnegie?\n a both formed important steel companies.\n b both relied on horizontal integration.\n c both tried to control competition to increase profits.\n d both created holding companies to buy up other companies.

question 5 (8 points)\nwhich of the following shows a similarity in the business practices of john d. rockefeller and andrew carnegie?\n a both formed important steel companies.\n b both relied on horizontal integration.\n c both tried to control competition to increase profits.\n d both created holding companies to buy up other companies.

Answer

Brief Explanations:

John D. Rockefeller in the oil - industry and Andrew Carnegie in the steel - industry both aimed to control competition to boost profits. Rockefeller used horizontal integration to gain control of the oil - refining industry, and Carnegie built a vertically integrated steel empire but also sought to reduce competition. Option a is incorrect as Rockefeller was in oil, not steel. Option b is wrong because Carnegie mainly used vertical integration. Option d is inaccurate as creating holding companies was more associated with Rockefeller.

Answer:

C. Both tried to control competition to increase profits.