An example of a company that applied the production concept in the early twentieth century is ________.
A) Google
B) Microsoft
C) Ford
D) General Motors
E) Apple

Question

Quizplus · Accepted Answer

The production concept is focused on maximizing efficiency and minimizing costs by mass-producing standardized products. Ford was one of the early adopters of this concept, introducing the assembly line and mass production techniques to the automobile industry in the early 1900s. This allowed Ford to produce cars quickly and inexpensively, making them affordable for the average consumer.

An Example of a Company That Applied the Production Concept