Answer :
Final answer:
Manufacturing firms are entities that produce goods and services for consumers, playing a vital role in the economy. Examples include companies like Apple and Toyota.
Explanation:
Firms that manufacture and provide goods and services to consumers are known as manufacturing firms. These firms play a crucial role in the economy by producing items for end users, such as clothing, electronics, and food products.
Manufacturing firms can vary in size and scope, from small local businesses to large multinational corporations. Examples of manufacturing firms include companies like Apple, Toyota, and Procter & Gamble.
Manufacturing firms may utilize different strategies in producing goods and services, such as choosing the types of labor to employ, deciding on raw material sources, and determining production locations.
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