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The average time customers spend waiting and the average time a customer spends in the system:
Raw Material Purchases
The acquisition of the basic materials needed for the production of goods, which are typically bought from suppliers and used in the manufacturing process.
Budgeted Sales
The anticipated revenue from goods or services sold, set during the budgeting process for a specific time period.
Credit Sales
Sales made by a business where the customer purchases goods or services on credit and payment is received at a later date.
Finished Goods Inventory
The stock of completed products that are ready for sale but have not yet been sold.
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