raw material
substance that is still in its natural state | ||||
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Raw Materials definition was found in categories: Business & Finance(2) Encyclopedia(1)
Raw Materials Definition from Business & Finance Dictionaries & Glossaries
| MONASH Marketing Dictionary |
Raw Materials
a classification of industrial goods that are basic materials which become part of a physical product in the manufacturing process.
a classification of industrial goods that are basic materials which become part of a physical product in the manufacturing process.
| Raynet Business & Marketing Glossary |
Raw Materials
unfinished goods consumed by a manufacturer in providing finished goods. Classified as inventory in the current assets section of a company's balance sheet.
unfinished goods consumed by a manufacturer in providing finished goods. Classified as inventory in the current assets section of a company's balance sheet.
Raw Materials Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Material
Materials are physical substances used as inputs to production or manufacturing. Materials range from man made synthetics such as many plastics to natural materials such as copper or wood.
Raw materials, materials in their unaltered, natural state, are first extracted or harvested from the earth and divided into a form that can be easily transported and stored. The raw materials are then processed to produce "semi-finished materials". These can be input into a new cycle of production and finishing processes to create "finished materials", ready for distribution and consumption.
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