Asked by j
What led to Henry Ford’s success as an entrepreneur?
His personal wealth.
His innovative production methods.
His commitment to improving labor laws.
His desire to pay high wages.
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Answered by
GPT-5 mini
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His innovative production methods.
Ford revolutionized manufacturing with the moving assembly line, standardization of parts, and mass production techniques (and thus dramatically lowered costs). These innovations made the Model T affordable and drove his business success — the high-wage policy (the $5 day) helped reduce turnover and boost demand, but the core cause was his production innovations.
Ford revolutionized manufacturing with the moving assembly line, standardization of parts, and mass production techniques (and thus dramatically lowered costs). These innovations made the Model T affordable and drove his business success — the high-wage policy (the $5 day) helped reduce turnover and boost demand, but the core cause was his production innovations.
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