Manufacturing Output in the U

question 2

Multiple Choice

Manufacturing output in the U.S. continues to increase. The high unemployment of skilled workers who previously worked in the manufacturing sector

• A) is the result of untrained laborers.
• B) is strictly a factor of U.S. manufacturing companies outsourcing the majority of their work.
• C) can be reconciled by the fact that manufacturing is very efficient and requires fewer workers to produce the same amount, or even more output.
• D) can be attributed to manufacturing going green.

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Definitions:

Dollar Sales Revenue

The total amount of money generated from sales of goods or services, expressed in dollar terms.

Unit Volume

A measurement quantifying the number of units of a product sold or produced.

Volume Objectives

Objectives set by a company to achieve a specified quantity of sales or production volume within a certain timeframe.

Carrying Costs

Expenses related to holding inventory, including storage costs, insurance, and loss due to obsolescence.