Which of the Following Statements About the American Railroad Industry

question 99

Multiple Choice

Which of the following statements about the American railroad industry in the late nineteenth century is FALSE?

• A)It included the nation's largest businesses.
• B)It saw Congress outlaw railroad combinations.
• C)It relied partially on government subsidies for its growth.
• D)It was among the first to adopt a new corporate form of organization.
• E)It became a national symbol of concentrated economic power.

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Definitions:

Summarize Benefits

Involves condensing key advantages or positive aspects of a product, service, or situation into a brief, clear presentation.

Buyer's Needs

The requirements or demands of a consumer that influence their purchasing decisions, including functionality, price, convenience, and status.

Assumptive Close

A sales technique where the salesperson assumes the customer has decided to make a purchase and proceeds with steps to finalize the sale, often leading to a sense of inevitability about the transaction.

Long-Term Customers

Clients or buyers who have been purchasing products or services from a business for an extended period, showing loyalty.