ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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substances that are sold
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materials that are expired
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materials that are freshly found
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substances used to make a product
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Detailed explanation-1: -Raw materials are the input goods or inventory that a company needs to manufacture its products. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.
Detailed explanation-2: -Raw materials are substances that are either available naturally (like wood, ores, etc.) or produced by farmers, herders, etc. Raw materials are then processed to obtain the finished goods.
Detailed explanation-3: -Direct raw materials are all the materials that make up the finished product. For example, all the parts used to make a bed would be considered direct raw materials, from the wood to the metal frame and components like screws.
Detailed explanation-4: -For the purposes of resource protection, Basic Raw Materials (BRM) include sand (including silica sand), clay, hard rock, limestone (including metallurgical limestone) and gravel and other construction and road building materials.