Difference between revisions of "Raw material"

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[[Raw material]] is the material or substance that the [[enterprise]]s in the [[manufacturing industry]] or other production units further process in order to create goods and services consumable by [[end user]]s.
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[[Raw material]] is the material or substance that the [[enterprise]]s in the [[manufacturing industry]] or other production units further process in order to create those goods and services that can be eventually consumed by [[end user]]s.
  
  

Revision as of 04:35, 18 November 2019

Raw material is the material or substance that the enterprises in the manufacturing industry or other production units further process in order to create those goods and services that can be eventually consumed by end users.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Raw material. Material that is to be processed into a finished product or that changes the quality or characteristics of the product.

Related concepts

Related lectures