Examlex
In a process costing system,product costs are traced to work cells.
Manufacturing
The process of converting raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.
Retailing
The selling of goods or services directly to consumers, typically in small quantities.
Wholesaling
The business practice of selling goods in large quantities at lower prices to retailers or other entities, who then sell them to end consumers.
Importing/Exporting
involves the buying of goods or services from a foreign country (importing) or selling goods or services to a foreign country (exporting).
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