Cost reduction and market expansion
What Cost reduction and market expansion means in History A-Level, as defined for Pearson Edexcel.
Definition of Cost reduction and market expansion
Check what you remember
Read the wording for your board, then hide it and explain Cost reduction and market expansion in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Canal carriage lowered transport costs and widened distribution, making goods more competitive in distant markets.
Topics that use Cost reduction and market expansion
- Paper 3, Option 34.1: Industrialisation and social change in Britain, 1759–1928: forging a new society - 1 Josiah Wedgwood: china and canals, 1759–87 (Pearson Edexcel A-Level)
Related terms
- abolition
- Entrepreneurship and canal promotion
- Family and gender roles in eighteenth-century business
- Global trade and the development of consumer taste
- Raw material supply and bulk distribution
- Royal and aristocratic patronage as commercial strategy
- slave medallion
- Society for the Abolition of the Slave Trade
Using Cost reduction and market expansion in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise History questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge