Henry Ford's Philosophy Was to Perfect the Model- T So

question 39

Multiple Choice

Henry Ford's philosophy was to perfect the Model- T so that its cost could be reduced further for increased consumer affordability.This reflects the concept.

• A)societal marketing
• B)production
• C)product
• D)selling
• E)marketing

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Definitions:

Internal Rate

is often a shortened form referring to the Internal Rate of Return (IRR), which estimates the profitability of potential investments.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time to evaluate the profitability of an investment.

Preference Decision

A decision in which the acceptable alternatives must be ranked.

Minimum Required

The least amount that must be maintained or achieved in a specific scenario, such as a bank balance or stock level.