American Industry and the Profit Motive

What did Freddie help his mother make?

• Soap

• Cakes

• Soft soap

• Fish

What did Freddie invest his profits in?

• New equipment

• Research

• Larger quarters

• All of the above

What did the increased property taxes help build?

• Schools

• Streets

• Parks

• All of the above

What did Freddie become as his company grew?

• A successful husband

• A successful father

• A successful businessman

• All of the above

What did Freddie invest a portion of his profits in each year?

• Research

• New factories

• Stocks

• All of the above

What did Freddie form to increase production?

• A corporation

• A partnership

• A cooperative

• All of the above

What happened when Pudsey and Sam raised and fixed prices?

• They made millions

• They lost customers

• They gained market share

• All of the above

What did the competitor have that Pudsey and Sam didn't?

• Lower prices

• Better quality

• More advertising

• All of the above

What can a business provide its employees with if it operates at a steady profit?

• High wages

• Steady employment

• Employee benefits

• All of the above

What does the profit motive drive in American industry?

• Growth

• Innovation

• Competition

• All of the above