ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
His business ideas failed and he went broke five times before he succeeded.
A
Jim Carrey
B
Michael Jordan
C
Henry Ford
D
Abraham Lincoln
Explanation: 

Detailed explanation-1: -1. Henry Ford: While Ford is today known for his innovative assembly line and American-made cars, he wasn’t an instant success. In fact, his early businesses failed and left him broke five times before he founded the successful Ford Motor Company. 2.

Detailed explanation-2: -He optimized transportation and forever changed the United States automobile industry. His innovative manufacturing process produced low-cost, reliable vehicles, while simultaneously keeping his workers well-paid and loyal.

Detailed explanation-3: -While most other automakers were building luxury-laden automobiles for the wealthy, Ford had a different vision. His dream was to create an automobile that everyone could afford. The Model T made this dream a reality.

Detailed explanation-4: -"There is no failure except failure to serve one’s purpose."

Detailed explanation-5: -He burned through all the money from his first group of investors without producing a car. He eventually produced a car and raised another $60, 000 in share capital, but his Detroit Auto Company went bankrupt. In the 1920s, Henry Ford refused to update the Model T car, leading sales to fall dramatically. More items

There is 1 question to complete.