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According to Maslow's hierarchy of needs, higher-level needs take precedence over lower-level needs.
Manufacturing Product
The end result of the manufacturing process, which is the production of goods in a factory.
Cost of Goods Manufactured
The total cost incurred by a company to produce goods within a specific period, including materials, labor, and overhead.
Raw Materials
Basic materials and substances used in the initial stages of the production process.
Purchased
A term referring to items or services acquired by a company or individual, typically in exchange for money.
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