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A major difference between the spot market and the forward market is that the spot market deals with
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor involved in creating the product.
Lean Business Model
A strategic approach that emphasizes creating more value for customers with fewer resources by optimizing business processes.
Days' Payable Outstanding
A financial ratio that indicates the average time (in days) that a company takes to pay its suppliers and creditors.
Lean Manufacturers
Companies that adopt lean manufacturing techniques to maximize customer value while minimizing waste, thus achieving higher efficiency in production.
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