Which was the immediate goal of the Standard Oil Company when it lowered its prices?
(1 point)
Responses
to sell stock to investors
to sell stock to investors
to outcompete rival businesses
to outcompete rival businesses
to form a monopoly
to form a monopoly
to pass on lower costs to customers
to outcompete rival businesses
The immediate goal of the Standard Oil Company when it lowered its prices was to (2) outcompete rival businesses. This goal can be determined by examining the situation during that time period. One way to find this information is by referring to historical sources such as books, articles, or research papers that discuss the actions and strategies of the Standard Oil Company. These sources would provide insights into the context and motivations behind the company's decision to lower prices. Additionally, studying the historical context of the oil industry and the competitive landscape during that time could also shed light on the company's objectives.
The immediate goal of the Standard Oil Company when it lowered its prices was to pass on lower costs to customers.
Which was the most important effect of the Bessemer process?
(1 point)
Responses
It allowed the production of more steel.
It allowed the production of more steel.
It produced better steel.
It produced better steel.
It made steel cheaper.
It made steel cheaper.
It allowed factory production of steel.