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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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Compared to its rivals, Carnegie Steel is able to offer its goods for less money. Because he controlled the raw material supply, the means of manufacturing, and the channels of distribution, Carnegie was able to reduce expenses.

What cost-cutting measures took Carnegie?

He promoted bonds and made investments in oil and railroad sleeper carriages, but iron production was his main line of work. He relentlessly adopted practices that reduced per-unit costs, introduced the railroad industry's cost-accounting methods, and hired skilled chemists.

Because he controlled the raw material supply, the means of manufacturing, and the channels of distribution. Because Carnegie produced a subpar item, production costs were lower.

Hence choice 2nd is correct.

Learn more about Carnegie Steel :

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