Ford 1936 Flatbed Truck

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After Toyota, General Motors and Volkswagen the Ford Motor Company with headquarter in Dearborn, USA, is the world’s fourth biggest automobile-manufacturer. Henry Ford established the first factory in Detroit in 1903 - the birth of the Automobile Company Ford. Henry Ford went on to introduce assembly line production in 1913 and caused a radical change to a car industry that had barely been created.

A business can be described as a way of making money, a system whereby people come together to provide a service or products for others. Any entrepreneur wanting to make a name for his or herself will have thoughts of one day owning their own companies or businesses, even if they are just small.

Business - Definition & Types

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