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28 December, 05:53

What role did henry ford play in fostering efficiency?

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  1. 28 December, 06:11
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    Henry Ford was the founder of the "division of labor" concept that increases the production level more quickly and efficiently.

    Explanation:

    The efficiency model had been the foundation or the beginning of the business progression. Henry Ford's efficient mechanism resulted in the production of more cars at a cheaper price. So more people can afford cars at a cheaper price and it also increases sales to a rapid extent. Thus it results in better output and also encourages other businessman to follow this mechanism to improve their production in the market.
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