Question

Henry ford was the first entrepreneur to implement which strategy

Answer 1

Henry ford was the first entrepreneur to implement the assembly line production.

Answer 2

The correct answer is: "assembly line production"

The Ford Motor Company was founded in 1903. For the first time, a standarized production system, with an in-chain layout, was used to manufacture the Model-T. The mentioned production process enabled to lower the cost per unit and to commercialize the product at a cheaper price, making it affordable for medium-class consumers. The sales of the company grew spetacularly and also the wrorkers salaries.