Which of the Following Was NOT a Way That the Market

question 46

Multiple Choice

Which of the following was NOT a way that the market revolution changed western farming?

• A) As the West became more settled, western farmers found that they could cater to the market and grow crops they could sell.
• B) John Deere's steel plow made it easier to till larger quantities of soil.
• C) Cyrus McCormick's reaper made it quicker and easier for them to harvest wheat.
• D) Eastern banks and insurance companies financed the acquisitions of supplies needed to expand farmland.
• E) Farmers in the Old Northwest used slave labor to expand their production.

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Definitions:

Competitive Advantage

This refers to the attributes that allow an organization to outperform its competitors, such as superior technology, skilled workforce, or better customer service.

Skills and Technologies

The abilities and tools required to effectively perform tasks or jobs in the modern workplace, often involving digital competencies and technical expertise.

Competencies

Refers to the skills, knowledge, and abilities that individuals possess which enable them to perform effectively in their jobs or roles.

Strategic Work

Work that is planned and executed with a long-term goal in mind, often to achieve a competitive advantage.