1-The way Carnegie used vertical integration to reduce competition and make his business more profitable, is by buying out his manufactures, he bought out railroad companies, iron mines, because by him owning the rails and the mines, he reduced his costs dramatically and it allowed him to produce cheaper steel. Doing this kept Carnegie’s profit at an all-time high, because by using vertical integration they owned the suppliers, and maxed profit.
2- one major company that uses vertical integration is apple, apple uses vertical integration to buy stakes in companies such as Akamai technologies, or imagination technologies to keep chip designs, and web site support costs low, they also have bought out companies such as beats electronics, linX,
2- one major company that uses vertical integration is apple, apple uses vertical integration to buy stakes in companies such as Akamai technologies, or imagination technologies to keep chip designs, and web site support costs low, they also have bought out companies such as beats electronics, linX,