Sunday, September 16, 2007

Answers 14-3

1. The difference between vertical integration and horizontal integration is that vertical integration is a company's taking over its suppliers and distributors and transportation systems to gain total control over the quality and costs of it product but, horizontal integration is the merging of companies that make similar products.
2. The theory of Social Darwinism advocates that a system of unrestrained competition will ensure the survival of the fittest.
3. The conditions many factory workers faced in the late 19Th century were 6-7 day workweeks, 12 hours of work or more a day, no benefits in any way shape or form, injuries were common, dirty and poorly ventilated factories, low wages, and child laborers forced to give up school.
4. Labor unions advocated equal pay for equal work.

No comments: