Which of the Following Statements Describes the American Waltham Plan,which

question 46

Multiple Choice

Which of the following statements describes the American Waltham plan,which was later known as the Lowell System?

• A) The plan created the world's first comprehensive textile factory.
• B) Its creators recruited farm girls and women to work in factories.
• C) Waltham factory owners received one of 1,000 patents offered for new inventions.
• D) Despite their efforts,the Waltham factory owners could not compete with their English rivals.

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Definitions:

SWOT Analysis

SWOT is an acronym for strengths, weaknesses, opportunities, and threats. By systematically evaluating all four of these factors, a firm can then develop the best strategies for gaining a competitive advantage.

Low-cost Producer

A business or manufacturer that can produce goods or services at a lower cost than competitors, often due to economies of scale, technology, or efficient processes.

Strategic Planning Team

A group of individuals within an organization responsible for developing strategies to achieve long-term objectives and goals.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen; often linked with potential for success or advancement.