Examlex
Andrew Johnson
WIP Inventory
Work-in-process inventory, which represents the costs of unfinished goods in manufacturing processes.
Finished Goods Inventory
The stock of completed products ready for sale, reflecting the end-stage of the production process.
Value Chain
The major business functions that add value to a company’s products and services such as research and development, product design, manufacturing, marketing, distribution, and customer service.
Major Activities
The principal actions or operations carried out within an organization or by a project, typically contributing to achieving its main objectives.
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