All of the Following Contributed to the Development of Industrialization

question 33

Multiple Choice

All of the following contributed to the development of industrialization in the United States except

• A) a large pool of immigrant labor.
• B) following closely behind England in industrializing.
• C) a shortage of risk capital.
• D) abundant natural resources.
• E) individuals willing, even eager, to take risks in business.

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Definitions:

"As is" Basis

A term used to indicate that an item is being sold in its current state, with any existing faults or conditions, and without warranty.

Production Planning

The process of organizing and controlling all aspects of the production process, from sourcing raw materials to scheduling workforce and machinery.

Forecasts

Predictions or estimates of future events or trends, particularly regarding weather or economic conditions.

Sales and Marketing

The combined processes of creating interest in products or services, identifying potential buyers, and ultimately selling to those customers.