Examlex
What does digital collaboration mean in training?
Conversion Costs
Manufacturing costs, including direct labor and overhead, that are incurred in converting raw materials into finished products.
Process
A series of actions or steps taken to achieve a particular end in a business or manufacturing environment.
Production
The process of transforming raw materials or components into finished goods ready for sale, using labor, machinery, tools, and other resources.
Operations
The day-to-day activities necessary for an organization to run effectively, encompassing production, distribution, and fulfillment of products or services.
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