“There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible” Henry Ford

Henry Ford’s Business model was simple. Pioneering a model of ‘mass production’, Ford created the Ford Motor T using an easy design, that was mass produced and sold at a low cost. When introduced in 1920, the Ford Motor T’s popularity exploded, and the profits rolled in. This allowed Ford to cut his prices and establish a $5-dollar wage for his workforce. 

Business Models have changed massively since Ford’s time....

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