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Why was Carnegie Steel able to offer its product more cheaply than its competitors?
Carnegie made an inferior product, so it was less expensive to produce.
Carnegie cut corners in his production, lowering his costs.
Carnegie could cut his costs because he owned the supply of raw materials and the means of production and distribution.
Carnegie avoided using the Bessemer process, decreasing the cost of production.

Sagot :

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Carnegie Steel able to offer its product more cheaply than its competitors because  Carnegie introduced the Bessemer process, which decreased the cost of production.

What is cost of production?

Cost of production is the cost of manufacturing a particular product by a company.

Once the cost of production is reduced then it is easier for Carnegie Steel to able to offer its product more cheaply than its competitors.

Learn more on Cost of production at: https://brainly.com/question/25109150

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