What type of integration did Standard Oil use in its later years?
Horizontal
Vertical
Diversified
Conglomerate
Answer
In its later years, Standard Oil used vertical integration to dominate the oil market. This involved controlling every aspect of the production process, from extraction to refining and distribution, allowing the company to streamline operations and lower costs.
Fueling the Past: Unveiling the Secrets of Standard Oil (1870-1911)