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Vertical integration can be desirable because it secures supplies needed by the firm to produce its product and the market needed to sell the product, but it can become undesirable when a firm's actions become anti-competitive and impede free competition in an open marketplace. Vertical integration is one method of avoiding the hold-up problem.
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. [1] [2] After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the ...
The series focuses on the lives of Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J. P. Morgan, and Henry Ford. It tells how their industrial innovations and business empires revolutionized modern society. The series is directed by Patrick Reams and Ruán Magan and is narrated by Campbell Scott. It averaged 2.6 million total ...
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Vanderbilt University (informally Vandy or VU) is a private research university in Nashville, Tennessee, United States.Founded in 1873, it was named in honor of shipping and railroad magnate Cornelius Vanderbilt, who provided the school its initial $1 million endowment in the hopes that his gift and the greater work of the university would help to heal the sectional wounds inflicted by the ...
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Today's spangram is vertical (bottom to top). Related: The 26 Funniest NYT Connections Game Memes You'll Appreciate if You Do This Daily Word Puzzle. What Are Today’s NYT Strands Hints?
Gustavus Franklin Swift, Sr. (June 24, 1839 – March 29, 1903) was an American business executive. He founded a meat-packing empire in the Midwest during the late 19th century, over which he presided until his death.