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​In 1770,Thomas Pine I Was a Tobacco Merchant in Virginia

Question 155

Multiple Choice

​In 1770,Thomas Pine I was a tobacco merchant in Virginia.In 2014,Thomas Pine VI,the descendant of Thomas Pine I,was a tobacco merchant in Virginia.In terms of the global competitive environment,which of the following is not a difference between the competitions faced by Thomas Pine I and Thomas Pine VI?


A) ​The 1770 merchant has very few choices in regard to the nation to which he exported his tobacco.
B) ​The 1770 merchant most likely exported only the surplus of his product that he could not sell in America.
C) ​In 1770 there was no factory system to make tobacco production and processing more efficient and financially rewarding.
D) ​There were few tobacco merchants in America in 1770,but in 2014 tobacco was farmed in all of the 50 states.

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