The Shift from the Putting-Out System to the ____________________ Resulted

question 32

Short Answer

The shift from the putting-out system to the ____________________ resulted in an entrepreneur or a company gathering relatively large numbers of individual workers in one place for work and supervision.

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Definitions:

Manufacturing Cost

The total expense incurred in the process of producing a product, including raw materials, labor, and overhead costs.

Production Increase

An upsurge in the amount of goods or services produced by a company within a specific time frame.

Variable Cost

Costs that change in proportion to the level of goods or services produced, such as materials and direct labor.

Units Sold

The total quantity of products that a company sells during a specific period.