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During the transition phase, groups are often characterized by all of the following EXCEPT :
Manufacturer
An entity or enterprise that makes goods through a process involving raw materials, components, or assemblies, usually on a large scale with machinery.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income or loss.
Period Costs
Expenses that are not directly tied to the production process and therefore are expensed in the period in which they incur, such as selling, general, and administrative expenses.
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