The Production Process Which Combines a Number of Raw Materials

question 224

Short Answer

The production process which combines a number of raw materials into a new finished product (e.g., paint) is known as
creating place utility.
an analytic process.
a transformation process.
a synthetic process.
creating time utility.

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Definitions:

Cost Of Goods Sold

An accounting term for the direct costs attributable to the production of the goods sold by a company.

Inventory Items Sold

The total number of product units a company has sold to its customers during a specific period.

Materials Cost

The total expense incurred for the materials that are used in the production of goods or services.

Purchase Order

A document generated by a buyer and sent to a seller specifying products or services to be purchased.