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Divide and express the result in standard form.
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Henry Ford
An American industrialist and founder of the Ford Motor Company, who revolutionized factory production with his assembly-line methods.
Automobile Industry
The global industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
Cost-Leadership Strategy
A competitive strategy focusing on producing goods or services at the lowest cost to outprice competitors.
Differentiation Strategy
A generic business strategy that requires products to have significant points of difference to charge a higher price while targeting a broad array of market segments.
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