The Interstate Commerce Commission Was Established in 1887 To

question 26

Multiple Choice

The Interstate Commerce Commission was established in 1887 to:

• A) distribute land allocations to railroad companies.
• B) standardize the transportation of animal feed between states.
• C) ensure that railroads charged farmers and merchants reasonable and fair rates.
• D) regulate railroad gauge size.

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Definitions:

Competitive Strategy

Strategic approaches that a company takes to gain an advantage in the marketplace, typically through differentiation, cost leadership, or focus strategies.

Benchmarking Process

A method of comparing business processes and performance metrics to industry bests or best practices from other companies.

Performance Goals

Specific targets or objectives set by individuals or teams that aim to measure and achieve desired levels of performance.

Benchmark Partners

Entities or companies with which an organization compares its processes and performance to identify best practices and opportunities for improvement.