Examlex
A materials requisition is a source document used by materials managers of a manufacturing company to order raw materials from suppliers; it serves the same purpose as a purchase order in a merchandising company.
Output
The total amount of goods or services produced by a firm, industry, or economy within a specific period.
MRP Schedule
A document or plan that outlines the marginal revenue product of an input, showing how changes in quantity of the input affect revenue generated.
Perfect Competitor
An individual or company that cannot influence the market price because the market is saturated with similar products, acting within a perfectly competitive market.
Final Product
The completed good or service that is available for sale to the end-user, after all stages of production and processing are completed.
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