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The actions taken in a situation (SWOT) analysis or Step 1 of the planning phase include: (1) __________, (2) analyze competitors, (3) assess own company, and (4) research customers.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company.
Manufacturing
The process of converting raw materials into finished products through various methods such as assembly, machining, or chemical processing.
Raw Materials Used
The total cost of all raw materials that are consumed in the production process during a specific period.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.
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