GGR288H5 Study Guide - Final Guide: Horizontal Integration, Ford Model T, Diorite
Document Summary
Direct investment putting all there money to one product (risky- putting all your eggs in one basket, which may lead to bank r. ) It an assembly line, standardize production and came about because of tec, and increase efficiency in output. Indirect investment because you have partnerships that allow to divide up labor and production which is much cheaper and efficient, less risker. Ex. ( china tire malfunction fails- dose not affect the entire car production) Franchising- you get sales without owning the location (using of labeling and products) tim horton"s. To the best of my knowledge: fordist is the era of mass production, henry ford model t all that stuff. Direct investment and industrialization of cities, factories are placed in cities and the economy is generated there. Standardized production so hoyt models and the circular model. I hope this helps (apologies about the spelling), the textbook has a good section on this stuff; any questions feel free to ask.
