In the Early 1920's,Ford Promised Their Customers Any Color That

question 40

True/False

In the early 1920's,Ford promised their customers any color that they wanted as long as it was black.Ford's management assumed that anyone buying a car would accept the color black,so it made products affordable by offering only one variety in large quantities.Ford is an example of a market-oriented firm.

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Definitions:

Cognitive Development

The process through which a person's ability to think, understand, and learn evolves over time.

Container

A general term for any object that can hold, store, or contain other objects or substances.

Peek-a-boo

A game played with babies and young children, typically by covering the face with hands and then suddenly revealing it, prompting surprise and delight in the child.

Cognitive Development

The process of growth and change in intellectual capacities, involving perception, memory, judgment, and reasoning, across the lifespan.