CAR MINI CASE: in the Early 1900s, Henry Ford Made

question 110

Multiple Choice

CAR MINI CASE: In the early 1900s, Henry Ford made a fortune manufacturing Model T cars and selling them cheaply, making the automobile affordable for a much larger proportion of the population than had previously been the case. He accomplished this by producing only one model of car and doing so cheaply and at high volumes through the utilization of assembly line manufacture. In 1923, General Motors decided to increase its market share in the automobile industry by offering, instead of just one model, as Ford did, a variety of affordable mass-produced models to meet the various differing needs of different types of consumers.
-In the CAR MINI CASE, Ford's business strategy focused on ________.

• A) targeting the market
• B) positioning its product
• C) developing a value proposition
• D) segmenting the market
• E) minimizing production costs

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Definitions:

Located

The specific area or position where something is situated or placed.

Amino Acids

Organic compounds that combine to form proteins and are used by the body to repair tissues and synthesize enzymes and hormones.

Glutamate

An amino acid that serves as a key neurotransmitter in the brain, involved in learning and memory.

Receptors

Sensory cells or structures in the body that respond to specific stimuli from the external or internal environment.