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

question 24

Short Answer

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

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Definitions:

Relevant Costs

All costs that vary with the consequence of a decision.

Irrelevant Costs

Costs that will not be affected by a decision and thus should not influence the decision-making process.

Touch Screen

An electronic visual display that can detect the presence and location of a touch within the display area, used for interaction.

Orders

Instructions to buy or sell securities or goods, often given to a broker or company.