Examlex
To avoid a confrontation with a customer and to avoid telling the customer that he or she is wrong, a salesperson can use the head-on approach to handling objections.
Materials
Substances or components used in the manufacturing or production process, a broader term that may include raw materials and other inputs.
Weighted-average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
Work in Process
Inventory that includes goods partially completed but not yet ready for sale, representing costs of direct labor, materials, and overhead.
Equivalent Units
A term used in cost accounting to express the amount of work done during a period in terms of complete units of output.
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