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Henry Ford is known in the world of cars. He made mass production of cars. Ford's innovations in assembly-line manufacturing made the automobile accessible to a broader market. His Model T car was affordable and reliable, transforming the way people traveled.
With vertical integration, he was able to control every stage of production, from mining the raw materials to selling the finished cars, giving him greater efficiency and profit margins. He gave higher wages to workers. Ford understood that paying his workers more would lead to higher productivity and greater demand for his cars, which became a win-win for both his company and employees.
With vertical integration, he was able to control every stage of production, from mining the raw materials to selling the finished cars, giving him greater efficiency and profit margins. He gave higher wages to workers. Ford understood that paying his workers more would lead to higher productivity and greater demand for his cars, which became a win-win for both his company and employees.