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Recent developments in manufacturing and marketing have resulted in significant changes to cost manufacturing structures. Which of the following statements is/are false?
i. The proportion of direct labour increases.
ii. The proportion of manufacturing overhead increases.
iii. Product diversity decreases.
iv. The proportion of non-volume-related manufacturing overheads increases.
Farming
The practice of cultivating land, raising crops, and sometimes raising livestock for food, fiber, and other products.
Amazon River
One of the largest rivers in the world by discharge volume of water, located in South America and playing a crucial role in the Amazon rainforest ecosystem.
Mexico
A country located in the southern part of North America, known for its rich cultural heritage, history, and diverse landscapes.
Luxury Goods
High-end products or services that are not essential but are desired for their quality, status, or aesthetic appeal.
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