USA HISTORY

Detailed explanation-1: -A common myth is that Henry Ford invented the automobile. This is not true. While he may not have invented the automobile, he did offer a new way of manufacturing a large number of vehicles. This method of production was the moving assembly line.

Detailed explanation-2: -His most important competitor was the highly innovative General Motors. From the beginning, General Motors (GM) was very different from Ford’s operation.

Detailed explanation-3: -Ford tried to undercut his competition by capitalizing on efficient practices for assembly, which consequently led to cost savings that allowed him to produce cars more cheaply than any of his competitors.

Detailed explanation-4: -Mass production is the focussing upon a manufacturing project of the principles of power, accuracy, economy, system, continuity and speed. The interpretation of these principles, through studies of operation and machine development and their co-ordination, is the conspicuous task of management.