Examlex
The doctrine of strict liability can make the manufacturer of a dangerously defective product liable, even if there's no proof of negligence.
Transit Time
The duration it takes for goods or materials to be transported from one point to another.
Processing Cost
The expenditure associated with the steps taken to convert raw materials into finished products, including labor, equipment, and utility costs.
Transportation Cost
The total expenses incurred in the process of moving goods from one location to another, including freight charges, fuel costs, and maintenance.
Inventory Cost
The total expense incurred in storing and maintaining goods that are kept for sale, including costs related to warehousing, depreciation, obsolescence, and shrinkage.
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