The Wool Guild Inspired Which of the Changes to the Functioning

question 12

Multiple Choice

The Wool Guild inspired which of the changes to the functioning of the 14^th century guilds?

• A) Encouraged craftspeople to sell directly to the consumer
• B) Structuring the price of the products to include the labour and materials
• C) Reduced the need for a middleman
• D) The way craftspeople were paid

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Definitions:

Subscription Price

The cost at which investors can buy shares or units of an investment, often seen in mutual funds or newly issued stocks.

Shares

Units of ownership in a corporation or financial asset, giving holders a proportion of the company's profits and assets.

Dutch Auction

A method of public offering in which the price of the offering is lowered until it meets market demand.

Shares

Units of ownership interest in a corporation or financial asset, providing the shareholder with a proportion of the corporation's profits and assets.