Examlex
Identify and explain the characteristics of strong institutional structure necessary to adapt to globalization.
Direct Labor
The labor costs of workers who are directly involved in the production of goods or services.
Indirect Labor
Labor costs not directly tied to the production of goods or services, such as maintenance staff and supervisors.
Work in Process
Goods partially completed in manufacturing, not yet ready for sale.
Raw Materials
The basic materials from which a product is made, used in the early stages of the production process.
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