History

Parker Small

7 September, 15:35

Henry Ford once said, "Competition is the keen cutting edge of business, always shaving away at costs." Based on this quote, which of the following statements would Henry Ford most likely have agreed with?

Competition is the best way to get a new product into the market.

Competition can be dangerous when it goes unchecked.

Competition fosters innovation by encouraging new and better products.

Competition should be regulated to protect consumers.