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What are the benefits and problems associated with international trade?
Credit Sales
Sales made on credit, where the customer purchases goods or services with an agreement to pay at a later date.
Direct Labor Cost
The total cost of workforce labor that is directly involved in the manufacturing or production of goods or services.
Finished Goods Inventory
The stock of completed products that are ready for sale but have not been sold yet.
Raw Materials Inventory
The total cost of all the materials that are used in production but have not yet been transformed into finished goods, representing a current asset on the balance sheet.
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