The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector. The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future. To determine: The importance of losing manufacturing jobs to the nation.

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Answer 1

Question

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

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Answer 2

Question

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

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Answer 3

Question

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

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Answer 4

Question

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

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Answer 5

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

Answer 6

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

Answer 7

Chapter 1.6, Problem 1RQ

Summary Introduction

Case summary:

The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.

The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.

To determine: The importance of losing manufacturing jobs to the nation.

Answer 8

Expert Solution & Answer

Explanation of Solution

The importance of losing manufacturing jobs to the nation is as follows:

Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.

However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.

Losses of manufacturing jobs would result in loss of service jobs.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 1.6 - Prob. 1RQ Ch. 1.6 - Prob. 2RQ Ch. 1.6 - Prob. 3RQ Ch. 1.9 - There is a huge demand in the United States and...Ch. 1.10 - Prob. 1OTQ Ch. 1.10 - Prob. 2OTQ Ch. 1.10 - Prob. 3OTQ Ch. 1 - Prob. 1DRQ Ch. 1 - Prob. 2DRQ Ch. 1 - Prob. 3DRQ

Explanation of Solution

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