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.
lag verb (MOVE SLOWLY). âº [I] to âmove or make âprogress so âslowly that you are behind other âpeople or things: He's lagging behind-I âthink we'd âbetter âwait for him to âcatch us up. Sales are lagging at the âmoment.