Conclusion on manufacturing industries
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Answer:
To assess the relative role of cost differentials and other factors in global manufacturing, the committee has relied on its members' experience in major multinational corporations, received input from experts in industries not represented on the committee,1 and reviewed relevant literature and statistical information. By focusing on three of the most internationally competitive manufacturing industries, the committee has tried to highlight the extent and importance of the developments taking place in global manufacturing. Although. generalizations must be approached cautiously in an economic activity as diverse as manufacturing—no two companies are alike, let alone whole industries—the committee believes its analysis has illustrated many of the forces at work in global factory site selection.
Conclusion on manufacturing industries
Explanation:
- Manufacturing is the processing of the raw materials into the finished goods and services and is the major and important sector of the economy as it promotes economic growth and development.
- The manufacturing sector has been divided into a vast majority of a specialized set of activities as those devoted to the chemicals, equipment, electrical appliances, and automobiles.
- With the rapid advancement and globalization of the world meets new, light manufacturing industries are coming up that use artificial technology and robotics to transform the world, of raw matter and resources.
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- brainly.in/question/10424465 answered by Tarun646.