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Question

Availability and ______ of the product was considered to be the key to the success of a firm.

A
Accountability
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B
Affordability
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C
Price
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D
Quality
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Solution

The correct option is B Affordability
The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to this vast production, the products were made affordable for the consumers by decreasing the production cost.

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