Examlex
____ computers are used by large businesses, government agencies, and in science and education to provide centralized storage and processing and to manipulate tremendous amounts of data.
Direct Materials
Materials that are directly consumed in the production of a product and are easily traceable to it.
Cost of Goods Sold
The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.
Merchandising Firm
A business that purchases goods and resells them at a profit without changing their basic form.
Manufacturing Firm
A business engaged in the industrial production of goods from raw materials through the use of labor and machinery.
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