Though American manufacturing has fallen in its impact on the world what are the two reasons why manufacturing is still an important part of the us economy?
Though American manufacturing has fallen in its impact on the world what are the two reasons why manufacturing is still an important part of the us economy?
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Question
Though American manufacturing has fallen in its impact on the world what are the two reasons why manufacturing is still an important part of the us economy?
Expert Solution
Step 1
Manufacturing process:
Manufacturing refers to producing products in bulk quantities with the help of large machines. In other words, the steps taken by an organisation to convert raw materials into finished products is termed as the process of manufacturing.
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