Examlex
What is an example of a semantic shift?
Setup Cost
The expenses incurred to prepare equipment or a production process for manufacturing a new batch of products, including costs for labor, tools, and materials.
Inventory Holding Cost
Expenses associated with storing unsold goods, including warehousing, insurance, spoilage, and opportunity costs, essentially another term for carrying cost.
Bill of Materials
An all-inclusive inventory detailing the materials, parts, and instructions necessary for the creation, production, or fixing of a product or service.
On-Hand Inventory
The quantity of stock physically available in a warehouse or storage area, ready for sale or distribution.
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