Assume that a manufacturer of stereo speakers purchases $40 worth of components for each speaker. Completed speaker sells for $70. the value added by manufacturer for each speaker is $110. A manufacturer is person or company that uses various tools, machinery, and processes to transform raw materials into completed goods that are subsequently sold to consumers, wholesalers, distributors, retailers, or other manufacturers.
Who can use them to create more complex goods, they include things like steel, chemicals, paper, textiles, apparel, machinery, and automobiles. An example of a manufacturer of application is the business that creates a certain brand of speaker.
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