Harry asked, "What kind of place were you working at?"
We made small "appliances", but also was a contract mfg. for much MUCH larger versions of the same appliance for commercial/industrial use branded with a name everybody would recognize. Company had made many innovations in the design of that appliance over their 50 yr history, and depending on who you ask, was either #1 or #2 in the whole US marketplace for that product based on quality, performance, durability, reliability, and customer satisfaction. The company that was our primary competitor hired our head engineer away from us 20+ yrs ago.
Most of our products were small, would fit in a shoe box. All the machined parts I bought were tiny, in fact, I've had many machine shops that could easily make machining chips larger than most of my parts I bought there.
The plant I worked at was one of several plants in one small division of a very diversified $8 Billion/yr corp. Not big by today's standards, but fairly well run for the most part. They traded plants & product lines and brand names, made joint ventures with new companies for new niche markets with the best of other corp's.