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My Life and Work by Henry Ford and Samuel Crowther

4. Manufacturing is not buying low and selling high. It is the process

57 words  |  Chapter 7

of buying materials fairly and, with the smallest possible addition of cost, transforming those materials into a consumable product and giving it to the consumer. Gambling, speculating, and sharp dealing, tend only to clog this progression. How all of this arose, how it has worked out, and how it applies generally are the subjects of these chapters.
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Chapters

1. Chapter 1 2. INTRODUCTION--WHAT IS THE IDEA? 3. INTRODUCTION 4. 1. An absence of fear of the future and of veneration for the past. One 5. 2. A disregard of competition. Whoever does a thing best ought to be the 6. 3. The putting of service before profit. Without a profit, business 7. 4. Manufacturing is not buying low and selling high. It is the process 8. CHAPTER I 9. CHAPTER II 10. introduction. If the machine does not give service, then it is better 11. CHAPTER III 12. CHAPTER IV 13. CHAPTER V 14. CHAPTER VI 15. CHAPTER VII 16. CHAPTER VIII 17. CHAPTER IX 18. CHAPTER X 19. CHAPTER XI 20. CHAPTER XII 21. chapter I outlined our financial principles. We simply applied those 22. CHAPTER XIII 23. CHAPTER XIV 24. CHAPTER XV 25. CHAPTER XVI 26. CHAPTER XVII 27. CHAPTER XVIII 28. CHAPTER XIX

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