In the early 1900s,Henry Ford revolutionized the automobile industry by developing production lines and mass producing the Ford Model T automobile.By reducing production costs,Henry Ford,Ford made the Model T quite affordable for the average American family.What business strategy did Henry Ford use to gain a competitive advantage in the automobile market?
A) Ford used a differentiation strategy.
B) Ford used a cost focus strategy.
C) Ford used a differentiation focus strategy.
D) Ford used a cost leadership strategy.
Correct Answer:
Verified
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