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Discuss the Advantages of Licensing,low-Cost Production,and Low-Cost Shipping for International

question 45

Essay

Discuss the advantages of licensing,low-cost production,and low-cost shipping for international companies.


Definitions:

Direct Materials

Direct materials refer to the raw materials that are directly incorporated into a finished product and are integral to its production, easily traceable to the goods being produced.

Raw Materials Purchased

The complete expense of raw materials purchased by a company for production purposes over a given period.

Raw Materials Inventories

Stocks of unprocessed materials that are used in the manufacturing process to produce finished goods.

Controlling

In management, the process of monitoring performance and taking action to ensure desired outcomes.

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