A Bill of Materials Is a Record of All the Components

question 39

True/False

A bill of materials is a record of all the components of an item, the parent-component relationships, and the usage quantities derived from engineering and process designs.

---

Definitions:

Reasonable Travel

Travel that is affordable and planned with budget constraints in mind, focusing on value for money.

TAM, SAM, SOM

Total Addressable Market (TAM) is the overall revenue opportunity available or market demand for a product or service; Serviceable Available Market (SAM) is the segment of TAM targeted and served by a company's products or services; Serviceable Obtainable Market (SOM) is the portion of SAM that a company can realistically capture.

Potential Investors

Individuals or entities that may be interested in investing resources, typically money, into a business or project with the expectation of future financial return.

Market Future

The projected development and trends within a specific market or industry in the forthcoming period.