ECO 201 The_20Ford_20Motor_20Company_20_1_.docx The Ford Company Southern New Hampshire

Document Content and Description Below

ECO 201 The_20Ford_20Motor_20Company_20_1_.docx The Ford Company Southern New Hampshire University ECO 201 THE FORD MOTOR COMPANY The Ford Company Ford is one of the biggest cars and truck man... ufactures in the world. Around the globe Fordsales œfall to just under 62 million automobiles in 2020 (I. Wagner). Ford is showing growth even during a pandemic. As a consultant to Ford, using the techniques and methods of microeconomics, I use key indicators that Ford company and subsidiaries will have future psotive growth. As the demand increases for high tech and fuel-efficient vehicles and electrical support info structre, the Ford company must a way to reduce fix and variable costs in auto motive manufacturing while streaming there financial segment to produce future profits. Domestically and internationally Ford must find a way to re-claim strategic market share. The History of Ford Motor Company Henry Ford born in Springwells Township, Michigan. Ford was a farmer; he spent his free time thinking of ways he could speed up the process. One day Ford gets a great idea for chucking corn, so with spare parts he devised a device that would take the shell off of corn. When Ford was 16, he left for Detroit. With wonder in his eyes and ideas in his head Ford was going to make something of his self. Ford had many failures but in 1896 he had done it. He called it a THE FORD MOTOR COMPANY quadricycle. It was a steamed powered marvel. It was awfully expensive to buy though because Ford was making them himself and a couple of. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

Last updated: 1 year ago

Preview 1 out of 14 pages