What led to Henry Ford’s success as an entrepreneur? His personal wealth. His innovative production methods. His commitment to i

Question

k0ka [10]

3 years ago

8

What led to Henry Ford’s success as an entrepreneur? His personal wealth. His innovative production methods. His commitment to i

mproving labor laws. His desire to pay high wages.

Social Studies

2 answers:

Makovka662 [10] · Answer 1 · 2022-01-29T11:04:41+03:00

Makovka662 [10]3 years ago

8 0

His innovative production methods led to his success as an entrepreneur.

Alex · Answer 2 · 2022-01-29T12:57:57+03:00

His innovative production methods led to Henry Ford’s success as an entrepreneur. The first mass-production vehicle manufacturing plant (the cheap automobiles) was a result of Henry Ford´s innovations in assembly-line techniques and the introduction of standardized interchangeable parts.

In response to growing demand at that time, a new factory was built and it had everything to construct the vehicles (including a steel mill, glass factory, and the first automobile assembly line). Ford <u>was able to market to the general public</u>.

<em>Henry Ford was also responsible for his factory to function on a three-shift workday and operate 24 hours a day.</em>