It Can Be Said That, as a Result of the Industrial

question 13

Multiple Choice

It can be said that, as a result of the Industrial Revolution, by 1847

• A) most middle-class women worked outside their homes.
• B) some people rose in social status, while many others worked in appalling conditions.
• C) all segments of society experienced higher income from the changes.
• D) violent and prolonged conflicts between social classes became endemic in Britain.
• E) group identification began to develop inconsequential aspects.

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Definitions:

Retail Goods

Products that are sold to the end consumer for personal or household use.

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay and lowers it over time as demand at the higher price is satisfied.

Maximizing Profits

The process or strategy of adjusting the operations, pricing, and production of a business to generate the highest possible profit margins.

Development Costs

Costs incurred in the design and development phase of a project, often relating to the creation of new products or services.