Examlex
When one firm acquires another solely for the purpose of diversification, the merger is called a
horizontal merger.
Weighted-average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number before averaging.
Materials
Raw inputs or supplies that are converted into finished goods through the manufacturing process.
Beginning Work
Refers to the initial inventory of goods that are in the process of production at the start of a financial period.
First-in
Often related to inventory management, indicating the principle that the first items produced or acquired are the first to be used or sold.
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