You have new items in your feed. Click to view.
Question and answer
How was Rockefeller able to become so successful in the oil business?
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.
Questions asked by the same visitor
What made the American Industrial Revolution so important in terms of what was accomplished during it?
Weegy: What made the American Industrial Revolution so important in terms of what was accomplished during it?Older inventions had vast improvements made on them. (More)
Question
Expert Answered
Asked 5/20/2013 8:25:38 AM
0 Answers/Comments
25,941,574 questions answered
Popular Conversations
Simplify 8(x + 3) - 2x 6x + 3 7x 6x + 24 User: Simplify 8(x + 3) - ...
Weegy: What would you like to know about the number 24?
8/25/2016 1:13:10 PM| 2 Answers
What is medicare?
8/25/2016 12:19:47 AM| 1 Answers
Find the product. 3(m n)
8/25/2016 12:35:37 AM| 1 Answers
The Babylonians in Sumer used what as a monetary commodity? A.Yen ...
Weegy: The Babylonians in Sumer used Shekel as a monetary commodity
8/25/2016 12:36:09 AM| 1 Answers
Weegy Stuff
S
Points 662 [Total 733] Ratings 4 Comments 622 Invitations 0 Offline
S
1
L
Points 550 [Total 1384] Ratings 3 Comments 520 Invitations 0 Offline
S
L
P
P
P
P
Points 437 [Total 3692] Ratings 0 Comments 437 Invitations 0 Offline
S
Points 106 [Total 106] Ratings 0 Comments 106 Invitations 0 Offline
S
L
P
P
P
Points 46 [Total 3862] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 40 [Total 45] Ratings 0 Comments 0 Invitations 4 Offline
S
Points 27 [Total 254] Ratings 0 Comments 27 Invitations 0 Offline
S
Points 15 [Total 15] Ratings 0 Comments 5 Invitations 1 Offline
S
L
C
Points 11 [Total 4491] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.