Examlex
The two major classifications of stages of economic development helpful to global marketers are
Goods Manufactured
The total value or volume of products that have been completed and are ready for sale during a specific accounting period.
Ending Work
Often referred to the ending work in process (WIP) inventory, it represents the value of products that are partially completed at the end of an accounting period.
Process Inventory
Inventory that is currently in various stages of the production process but not yet completed.
Manufacturer
An individual or company involved in the process of making goods for sale through the use of raw materials, components, or assemblies.
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