Discuss Value Stream Mapping

question 98

Essay

Discuss value stream mapping.

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Definitions:

Intercompany Sales

Transactions involving the exchange of goods or services between entities within the same parent company.

Pre-tax Profit

The income that a company has earned before any taxes have been deducted from this amount, also known as earnings before tax.

Cost of Goods Sold

represents the direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead costs.

Other Revenue

Income derived from activities not central to a business's primary operations.