Question

What led to Henry Ford’s success as an entrepreneur? His personal wealth. His innovative production methods. His commitment to improving labor laws. His desire to pay high wages.

Answer 1

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

Answer 2

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 was able to market to the general public.

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