How did the development of the trust change the way businesses operated?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AManagers were prevented from taking advantage of workers within their companies.%0D%0A%0D%0AManagers were prevented from taking advantage of workers within their companies.%0D%0A%0D%0ACompanies were held to higher standards and prevented from acting illegally.%0D%0A%0D%0ACompanies were held to higher standards and prevented from acting illegally.%0D%0A%0D%0AA small group of people could now own and operate multiple companies in an industry.%0D%0A%0D%0AA small group of people could now own and operate multiple companies in an industry.%0D%0A%0D%0ABusiness owners found that it was in their best interest to improve their products and services.
Companies were held to higher standards and prevented from acting illegally.
The correct response is:
Companies were held to higher standards and prevented from acting illegally.
The development of trusts changed the way businesses operated by enforcing stricter regulations and preventing companies from engaging in illegal practices. This increased transparency and accountability within the business sector.
The development of trusts significantly changed the way businesses operated. Trusts refer to large combinations or mergers of companies within the same industry, where a small group of people would own and operate multiple companies.
One major impact of trusts was that they allowed for increased efficiency and consolidation within industries. By combining multiple companies under the same ownership, trusts could streamline operations, eliminate competition, and achieve economies of scale. This led to increased productivity and profitability for the companies involved.
However, the development of trusts also raised concerns about the concentration of power and potential for abusive practices. Many trusts were accused of engaging in monopolistic behavior, such as price fixing or unfair business practices. This led to public outcry and calls for greater regulation.
In response to these concerns, governments enacted antitrust legislation to prevent the abuse of power by trusts. These laws aimed to promote fair competition, prevent market dominance, and protect consumers. As a result, companies operating within a trust were held to higher standards and were prevented from acting illegally or engaging in anti-competitive practices.
Additionally, the formation of trusts led to a shift in the relationship between managers and workers. Because trusts were able to achieve greater control and influence over industries, managers within these companies were prevented from taking advantage of workers. With increased scrutiny and regulation, businesses were required to adhere to fair labor practices and treat their workers more fairly.
Overall, the development of trusts changed the business landscape by both promoting consolidation and efficiency, as well as increasing regulations and standards for operation. It sparked debates about the balance between economic growth and the need to protect consumers and maintain fair competition.