How To Become An Industrial Giant WebQuest

Business and Management Strategies

1.  Explain Social Darwinism and summarize the effects of the theory.  As an entrepreneur, how will you use this idea?

2.  What is the demand for your product/service/resource?  Is there an adequate supply available?  How will the supply and demand impact your decisions as an entrepreneur?

3a. Define vertical integration.

3b.  Define horizontal integration.

3c.  Which of the above (vertical or horizontal integration) would you use? Why?

4.  Define monopoly.  Why would an entrepreneur like yourself decide to start a monopoly?