PRODUCTION ERA
Sales depended on price and quality of product. Companies tried to create the best products with the lowest costs.
-Firms focused on creating the best products with the least costs and in turn, passing the cost savings to their customers
-Many needed products were produced by a single firm, creating a monopoly in the market
-Mass production of many products (assembly lines)
-The war left many unused factories, which became production factories
-Firms focused on creating the best products with the least costs and in turn, passing the cost savings to their customers
-Many needed products were produced by a single firm, creating a monopoly in the market
-Mass production of many products (assembly lines)
-The war left many unused factories, which became production factories