Question

______ industries provide spare parts or component required in industries.​

Answer 1

Answer:

COMPONENT manufacturing refers to metal and plastic manufacturing services including simple weldments, manifolds and tube assemblies.

Explanation:

Volume manufacturing allows companies to amortise fixed costs, like tool manufacturing and setup costs, over a large number of parts. But spare parts are often produced in a much smaller volume, which means the total cost for such parts will increase.