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How did the Spanish government view its Latin American colonies?
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including utilities, rent, and salaries of supervisors, that cannot be directly traced to specific products.
Supply Chain
The Supply Chain encompasses all the steps involved in producing and delivering a product or service, from the raw material stages to the final customer delivery.
Value Chain
A series of activities undertaken by a company to deliver a valuable product or service to the market, focusing on adding value at each step.
Manufacturing Chain
The sequence of processes involved in the production and distribution of a commodity.
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