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In most manufacturing industries like food, car, steel, plastic, and many others, there will always be the need for manpower, raw materials, tools, and machinery that will be used for the production of finished goods. In the manufacturing industry, it is the process wherein raw materials will undergo several procedures by using tools and chemical processing to transform these materials into a new product. Afterward, these finished products will be inspected to ensure the quality of the products and if it has passed the quality control, it will be then ready for delivery to the consumers.
Through the use of advanced technology and assembly line processes, large-scale manufacturing will be able to have mass production of goods. It is advantageous for manufacturers to use efficient techniques wherein they could produce more units at a lesser price. Additionally, manufacturing allows various companies to sell their products at a higher price over the amount of the materials used. It is usually examined by economists and reported to the conference board.
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