Question

The focus of business activities during industrial revolution was the ________.

• A. Expanding business.
• B. Profit maximization
• C. Production of goods
• D. Selling of goods

Answer 1

The correct option is C Production of goods

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 the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.