Many of the problems the company experienced are typical of an organisation adopting a production orientation in its marketing strategy. In particular, low-cost mass production is very easy to replicate by new market entrants and Ford was almost put out of business by intense competition from General Motors.
A painting of a hag. A hag is a wizened old woman, or a kind of fairy or goddess having the appearance of such a woman, often found in folklore and children's tales such as Hansel and Gretel.
See -lig-. n. 1  something by which a person is bound or obliged to do certain things, and which arises out of a sense of duty or results from custom, law, etc. 2  something that is done or is to be done for such reasons:to fulfill one's obligations.  a binding promise, contract, sense of duty, etc.