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Explain the traditional production-distribution chain.
Service Provider
An entity that provides services to other entities. This can include businesses that offer services such as internet, telecommunication, healthcare, and other essential services.
Work in Process
Inventory that includes the partially finished goods that are still undergoing manufacturing processes.
Materials
The raw substances used in the manufacturing process to create products or are part of the final product.
Direct Labor
The wages and benefits paid to employees who are directly involved in the production of goods or services.
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