Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: How was Rockefeller able to become so successful in the oil business?
A: First, he secured the transportation of oil by buying train slots at discounted prices from railroad companies. This was done because he had good relationships with the railroad stakeholders. [ By securing the transports, he was able to buy out many small oil producers at decent prices. Some of the purchases made, if taken into today's business practice, may be viewed as hostile takeovers. By
controlling the transport prices, he had leverage to negotiate buy outs of many small oil producing companies in the areas where railroads were built. This is exactly the propositions that were offered by Rockefeller to the railroads investors to encourage them to build more and more railroads systems. The longer the railroads were built, the more oils they may transport, and overtime, more oil companies to acquire. This business model perhaps is the first legal, and systematic monopoly. Although some may view Rockefeller as cold, ruthless businessmen, however, his contributions in supply-chains management, capitalism efficiency, and strategic business decisions helped sparked a major economic revival in the US, laying the foundations of modern business management used throughout the world today. ]
Expert answered|3oss1ady|Points 20|
Question
Asked 5/20/2013 8:40:10 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,916,755 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
Popular Conversations
Phototropism
Weegy: Geotropism is the growth response of a plant in response to gravity. User: Which type of plant was the last to ...
5/16/2018 8:45:28 AM| 2 Answers
2. Which of the following is not an example of a nontraditional ...
Weegy: Law firm is not an example of a nontraditional health information technology setting. User: 3. Good coding ...
5/16/2018 10:46:59 AM| 2 Answers
Given the formula E = IR what is the formula for R? A. ...
Weegy: Given the formula E = IR, the formula for R is R = E/I. User: Solve this equation: 80 = 3y + 2y + 4 + 1. ...
5/16/2018 11:47:29 AM| 2 Answers
6 + (2 + 3) × 5?
Weegy: 2*6+4*5, 12 + 20 = 32 User: 2(5 × 3) + 2(5 × 8) + 2(3 × 8) Weegy: 3/8+2/5 = 15/40+16/40 = 31/40 User: ...
5/22/2018 9:36:32 AM| 2 Answers
After the skin is cut and a capillary wall breaks, what's the first ...
Weegy: After the skin is cut and a capillary wall breaks, the first step in working to form a clot is - Platelets clump ...
5/23/2018 5:14:16 PM| 2 Answers
What does velocity mean
5/23/2018 7:13:12 PM| 2 Answers
S
L
Points 226 [Total 237] Ratings 0 Comments 226 Invitations 0 Offline
S
R
L
R
P
R
Points 216 [Total 658] Ratings 0 Comments 26 Invitations 19 Offline
S
L
Points 130 [Total 130] Ratings 0 Comments 20 Invitations 11 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
Points 113 [Total 13198] Ratings 0 Comments 103 Invitations 1 Offline
S
Points 30 [Total 30] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
Points 13 [Total 13] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
L
1
R
Points 11 [Total 1416] Ratings 0 Comments 1 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.