MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
They can have it in any color they want, as long as its black.” This quote explains why this famous automobile company almost went out of business in the 1920’s.
A
The Ford Motor Company
B
The John Deere Company
C
The Chrysler Corporation
D
General Motors
Explanation: 

Detailed explanation-1: -One of Henry Ford’s famous quotes about the Model T was, “Any customer can have a car painted any colour that he wants, so long as it is black.” The Model T only came in black because the production line required compromise so that efficiency and improved quality could be achieved.

Detailed explanation-2: -Henry Ford is credited as once saying about his cars, You can have it in any color, as long as its black.

Detailed explanation-3: -Production era The situation continued as a result of the First and Second World Wars where disruption to the supply chain and rationing of basic items became a way of life. As Henry Ford once said: “Any customer can have a car painted any color he wants, so long as it’s black.”

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

Detailed explanation-5: -If people tell you they want faster horses, they are telling you something useful. Namely, that they have a desire to go faster. It is the desired outcome (’going faster’) that you should focus on, not the perceived solution (’horses’).

There is 1 question to complete.