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As the price of flour (an input in the cookie production process) increases,firms that produce cookies will
Raw Materials
Basic materials from which products are made, typically extracted natural resources or agricultural products.
Finished Good
A product that has completed the manufacturing process and is ready for sale to consumers or other buyers.
Internal Auditing
The independent and objective evaluation of an organization's financial and operational activities, typically performed by in-house staff.
Construction Firm
A company that specializes in building and designing infrastructure, buildings, and other architectural projects.
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