Question

How was Henry Ford able to charge significantly less for the same automobile 10 years later?

Question 2 options:


Ford improved mass production methods decreased the cost to make the car


Ford gave his own money to customers to use to purchase vehicles


Ford established a more effective dealer network


Ford slowed down the production line to create a higher demand for his vehicles

Answer 1

Ford improved mass production methods decreasing the cost to make the car

Answer 2

The correct answer is: "Ford improved mass production methods decreased the cost to make the car".

Ford contributed to the proliferation of optimized mass production systems, with continuous production chains, where working times were optimized, stops in production were eliminated, and every single detail was taken into account and optimized in order to enhance the efficiency and productivity during the manufacturing processes. This was translated into reduced production costs and increases in market share and profits for the company.