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 entities further process in order to create those goods and services that can be eventually consumed 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 entities further process in order to create those goods and services that can be eventually consumed by [[end-user]]s.
  
  

Latest revision as of 15:03, 26 March 2020

Raw material is the material or substance that the enterprises in the manufacturing industry or other production entities 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