What Is Data Mining

question 78

Essay

What is data mining?

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Definitions:

Cost Of Goods Manufactured

The total cost of manufacturing the goods that were completed during a specific accounting period.

Gross Margin

Gross margin refers to the difference between revenue and cost of goods sold, divided by revenue, usually expressed as a percentage, indicating the proportion of each sales dollar remaining after covering the cost of goods sold.

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold.

Indirect Product Cost

Costs associated with production that are not directly attributable to a specific product, such as maintenance and factory overhead.