How did horizontal integration businesses? (5 points)question 1 options: 1) it reduced the costs along the supply chain, from mining to transportation to manufacturing.2) it established a company as a monopoly by incorporating all of the competition.3) it assigned one worker to a job, which reduce wasted time and accelerate manufacturing.4) it provided quick and easy access to transportation methods, such as canals, rivers, and railways.

2.

Explanation:

Horizontal integration is defined as a monopoly formed by controlling all of the same type of businesses.

Examples, Exxon Mobil.

Characteristics:

-Less control. Dependent upon others to play their part.

-Leverage. These companies are able to benefit from the success of everyone in the value chain.

-Collaboration. Requires frequent, open, trusting partner collaboration. Lack of trust kill this model.

-Flexibility over maximum efficiency.

-Attitude towards partners. Abundant mentality. The idea of helping your patners succeed. Having your entire value chain compete with other value chains.

This characteristics are the bases to develop a competitive strategy that can create economies of scale, increase market power over distributors and suppliers, increase product differentiation and help businesses expand their market or enter new markets.