Author Question: A trade discount is the price producers set to draw the public's attention to new products. ... (Read 44 times)

audie

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A trade discount is the price producers set to draw the public's attention to new products.
 
 Indicate whether the statement is true or false

Question 2

Briefly assess the good and bad news of the current U.S. manufacturing environment.



kalskdjl1212

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Answer to Question 1

False

Answer to Question 2

The bad news is that many manufacturing jobs have been outsourced to low-wage workers in overseas countries, the cost of U.S. manufacturing is approximately 20 percent higher, and the number of unemployed factory workers increased during the recent economic crisis.

The good news is that U.S. manufacturers produce approximately 18 percent of total global manufacturing output and contribute approximately 2 trillion to the U.S. economy each year. Also, manufacturing exports are nearly 60 percent of all U.S. exports, and it is anticipated that there will be 2 million job openings in manufacturing through 2018. Finally, for every manufacturing job created, there are another three jobs created in the supply chain, the trucking industry, and other related areas of the economy.



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