What Is the Production Era Recognized For

question 26

Multiple Choice

What is the production era recognized for?

• A)increasingly specialized jobs, resulting in higher productivity and lower costs and prices
• B)the rise of monopoly power, giving big business the ability to raise prices almost at will
• C)creating satisfied customers who acted as advocates for business
• D)power shifting away from business toward consumers

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Definitions:

Federal Trade Commission

A U.S. federal agency responsible for protecting consumers and ensuring a strong competitive market by enforcing antitrust and consumer protection laws.

Improved

Made better or enhanced in quality, value, or condition.

Revamped Products

Products that have been modified, updated, or improved with new features, designs, or packaging to enhance appeal and meet evolving customer demands.

Risk

The exposure to potential loss or adverse outcomes as the result of uncertainty in decision-making or future events.