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One factor contributing to the decline in cost advantages that banks once had is the
Materials Overhead
Costs related to the production process that are not directly tied to the product being manufactured, such as factory supplies and equipment maintenance.
Raw Materials
Basic materials used in the production process to create goods and products.
Finished Product
A completed item ready for sale, having undergone all stages of manufacturing and preparation.
Organizing
The process of arranging or structuring resources and tasks to achieve objectives efficiently, often relating to business or project management.
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