Discuss How the Shift from Labor Intensive Manufacturing to Automation

question 21

Essay

Discuss how the shift from labor intensive manufacturing to automation has affected product costing.

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Definitions:

Mid-Twentieth Century

A period spanning the middle decades of the 20th century, often characterized by significant social, political, and technological changes.

Marketable Products

Products that have sufficient demand and appeal in the market to be sold profitably.

Sales Orientation

A business approach that prioritizes the selling of products and services over understanding the needs and preferences of the consumer, focusing on sales volume.

Marketing Concept

A philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.