All of the following statements are true about the production era (from 1870 to 1930), except the fact that
A) firms attempted to fit products within their production capabilities rather than on customer needs
B) retailers and wholesalers were only of peripheral concern since products practically sold themselves
C) supply exceeded demand
D) firms focused on the physical production and the production process

Question

Quizplus · Accepted Answer

The production era, between 1870 and 1930, was characterized by firms focusing their attention on physical production and the production process. Firms attempted to fit products within their production capabilities, rather than on customer needs. Output consisted of limited product lines and, because demand exceeded supply, competition was minimal. Retailers and wholesalers were only of peripheral concern because the products practically sold themselves.

All of the Following Statements Are True About the Production