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[38] Chance: Very often in today's
technologicly advanced society, manufacturing processes do not
result in a product that is ready for consumption by whoever
gets hold of them. In fact, many times one company's output
becomes the next company's input. This is a very different
type of manufacturing than the tree put into the process and
out comes paper. Or the pig run through the mill and out
comes bacon. The complexity of society as well as its massive
advances in technology have changed the adage that in goes raw
materials and out comes a product for sale to consumers. For
example, chemical production company's have myriad inputs of
raw materials to develop a certain substance. Often times
that substance which comes out of the process is the next
company's input to their process as a preservative of their
food product. In the steel industry, metals are melted and
shaped and come out not as an end user product. However, that
output becomes the input for automakers to develop the body
covers for their cars--a product which then becomes ready for
end-user use. In essence, many companies in the world today
only business is transforming their inputs into ouputs which
can become others inputs. |
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