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Discuss how the basic steel and automobile industries have been challenged by foreign competition and have been forced to change to remain competitive.Identify the costs associated with the changes.Explain why these industry challenges,by contrast,have benefited consumers of steel ?and autos.
Personal Expression
The process of conveying one's thoughts, feelings, or ideas through various forms of communication or artistic mediums.
Commercial Products
Goods and services that are produced and marketed for profit, catering to consumer needs and preferences.
Rationalization
is the process of replacing traditional and emotional thought with reason and practicality, often in organizational and societal contexts.
Time Crunch
The feeling of having insufficient time to accomplish one's tasks or enjoy leisure activities.
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