Question

henry ford was famous for paying his workers higher wages than other manufactures of his time. Compare Fords strategy to the wages lowering strategies for car manufacturers in the U.S today. which approach would you favor and why?Refer to a specific data or example from the chapter as eother evidence for or against your opinion

Answer 1

Ford manufactured vehicles which was bought by the majority which gave him a higher return of investment. Also, his assembly line made the manufacturing of vehicles much faster than others. Thus, the more cars he sold, the more profit he gets.