Great Britain's Small Size in the Early Stages of Industrialization

question 71

Multiple Choice

Great Britain's small size in the early stages of industrialization:

• A)encouraged the development of a well-integrated domestic market.
• B)severely hampered the development of a market economy.
• C)aided in the establishment of foreign business monopolies in Great Britain.
• D)caused Great Britain to lag behind continental Europe in developing industry.
• E)allowed foreign investors to take over most English heavy industry.

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Definitions:

Target Profit

The desired level of profit that a business plans to achieve within a specific period.

Contribution Format

A format for income statements where all variable expenses are subtracted from sales to calculate contribution margin, which then has fixed expenses subtracted to determine net operating income.

Income Statement

A financial report that shows a company's financial performance over a specific period, including revenues, expenses, and profit or loss.

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating how much of each sales dollar is available to cover fixed costs and generate profit.