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 noun [C/U]. âº a âdelay in the âperiod of âtime in which âevents âhappen: [C] There is often a lag between âbecoming âinfected and the first âsigns of the âillness. (Definition of lag from the Cambridge Academic Content Dictionary Â© Cambridge University Press).