The Economic Policies of Jean-Baptiste Colbert, Louis XIV's Controller General

question 25

Multiple Choice

The economic policies of Jean-Baptiste Colbert, Louis XIV's controller general of finances

• A)were noted for their innovation and originality.
• B)used new accounting practices to take the tax burden off the peasants.
• C)were based on the economic theory of mercantilism.
• D)gave Louis the large surplus in the treasury needed to carry out his wars.
• E)can best be described as capitalist.

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Definitions:

Supply Chains

Networks connecting suppliers with customers to produce and distribute a specific product, encompassing all stages from raw materials to final delivery.

Related Diversification

A strategy where a business expands its activities into areas that are similar to its existing operations.

Organisational Growth

The process by which an organization increases in size, resources, capabilities, or market share over time.

Core Competencies

Fundamental strengths and abilities of a company that give it a competitive advantage.