The Major Incentive That Drove Captains of Industry to Invent

question 84

Multiple Choice

The major incentive that drove captains of industry to invent machines was

• A) lucrative government grants that were offered to would-be inventors.
• B) a chance to strike it rich via technological innovation.
• C) that machines would enable them to replace expensive skilled workers with cheap unskilled workers.
• D) that machines could do the work five times faster than humans did.
• E) None of these

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Definitions:

Wholesalers

Businesses that sell goods in large quantities at lower prices, primarily to retailers or other businesses, rather than directly to consumers.

Retail Outlets

Physical stores that sell goods directly to the public for personal or household consumption, as opposed to wholesale transactions.

Transportation Companies

Businesses that provide services to move goods or individuals from one location to another, using various modes of transport.

Customer Value

The perceived worth of a product or service to the customer, relative to the cost and alternatives.