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The number of people employed in the United States in the manufacturing of goods has been declining for decades. Two of the biggest reasons for the loss of manufacturing jobs has been the outsourcing of work to low wage countries and the increased use of robots to perform tasks previously done by humans. According to the Bureau of Labor Statistics only one in six of all employees in the private sector are employed in manufacturing. The United States has gradually become a service oriented economy and thus the number of service firms greatly exceed the number of manufacturing firms.
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Which factor of production is used by manufacturing firms for a physical location?
land
Why are U.S firms moving manufacturing jobs overseas?
labor cost less overseas =)
What would happen if there was an increase in the number of firms?
Pushes it out
The market structure that is characterized by a small number of large firms that have some market power is called?
The market structure that is characterized by a small number of large firms that have some market power is called
What is the effect of having a great number of firms in a industry?
flowers is the effection
Where can the manufacturing process be learned about?
There are a number of firms that publish their manufacturing process online. You can find out about the manufacturing process through education websites as well, such as ALISON.
What is reasonable accounts receivable turnover ratio?
Answer:It depends on the industry. For grocery stores, it can be as high as 80. For firms in the manufacturing a number around 5-7 is more common. Accounts receivable turnover for firms in the service industry would be somewhat higher, 7-10.
How has Luxembourg maintained a high standard of living?
changing from an economy once dominated by steel manufacturing to a service industries and high-tech firms based economy.
How are manufacturing and non-manufacturing location decisions similar Different?
Firms usually consider a wider range of geographic location. Both manufacturing and non-manufacturing ought on getting a better location which is accessible, more flamboyant, simple, and considers supply chain. One of the difference the two possesses is that manufacturing considers locating on areas near or at the source of raw materials to regard necessity, perishability and transportation costs, while non-manufacturing (e.g. service concern) firms consider locating on areas which their customers find it comfortable and reachable.
What are the cost reduction measures taken by manufacturing firms?
about cost reduction
Which factor of production is used by manufacturing firms for a physical location?
land
Where can one get the service of commercial moving firms?
You can get the service of commercial moving firms, by f.x. searching the internet for moving firms websites. You can also go through you local newspaper to find moving firms near you.
What are some examples of service firms?
Fire service? Funeral Service Church service
Which firms provide consultancy in business process mapping?
There are a number of firms which are known to provide consultancy in business process mapping. Delta Point Consulting and AccuProcess, for example, both offer this service.
What are the Appliance repair firms tax consultants law firms and insurance companies are all business firms that are part of the?
Service Sector
Who are the various actors in the distribution channel?
manufacturing firms,distributors or wholesalers,retailers,consumers
Why are U.S firms moving manufacturing jobs overseas?
labor cost less overseas =)
