Journalize the entries to record the following:
Journal
Definitions:
Global Integration
The process of designing and implementing strategies to operate seamlessly across national borders, often involving the coordination of production, marketing, and R&D worldwide.
Globalization Of Production
The dispersal of production processes across different countries and regions, seeking to optimize costs, quality, and efficiency.
Raw Material Costs
The expenses associated with acquiring raw materials needed for production.
Iron Ore
A natural resource that is mined and processed to extract iron, used primarily in the production of steel.
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