BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Raw materials
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Component parts
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Supplies
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Capital equipment
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Detailed explanation-1: -“A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished products, energy, or intermediate materials that are feedstock for future finished products.”
Detailed explanation-2: -Raw materials are unfinished materials or natural resources used to produce or manufacture finished products for sale. These materials can be used in their unprocessed or processed form as found suitable. Examples include cotton, crude oil, coal, rubber blanks, mineral ores, wood, etc.
Detailed explanation-3: -Raw materials are transformed by physical and chemicals processes into the various types of materials that are used for manufacturing. they are prepared so that they are ready to use for making many different products called manufactured goods. Technical materials are common materials used to make manufactured goods.