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What is Commercial Goods?

Manufacturing (from Latin manu factura, "making by hand") is the use of tools and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.

Manufacturing takes place under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In free market economies, manufacturing occurs under some degree of government regulation.

Modern manufacturing includes all intermediate processes required for the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead.

More at wikipedia »

What are the Career Paths in Commercial Goods?

This path leads to:

Typical roles: Sales Managers, Computer and Information Systems Managers, Industrial Production Managers, Construction Managers, Engineering Managers, Managers, All Other, Auditors, Graphic Designers, First-Line Supervisors/Managers of Retail Sales Workers, Sales Agents, Financial Services

Typical tasks:

  • Purchase necessary equipment.
  • Prepare budgets, bids, and contracts, and direct the negotiation of research contracts.
  • Analyze technology, resource needs, and market demand, to plan and assess the feasibility of projects.
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
  • Use computer software to generate new images.
  • Study illustrations and photographs to plan presentation of materials, products, or services.
  • Mark up, paste, and assemble final layouts to prepare layouts for printer.
  • Formulate pricing policies for merchandise, according to profitability requirements.
  • Sell services and equipment, such as trusts, investments, and check processing services.

Getting In

  • development business
  • contract negotiations
  • data warehouse
  • enterprise architecture
  • executive coaching
  • process design

Credentials

This graph shows the rate of academic degree attainment in this industry.

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Commercial Goods