MANAGEMENT

Detailed explanation-1: -Indirect raw materials are not part of the final product but are instead used comprehensively in the production process.

Detailed explanation-2: -A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products.

Detailed explanation-3: -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-4: -Intermediate goods are products that are used in the production process to make other goods, which are ultimately sold to consumers. The intermediate goods are sold industry-to-industry for resale or to produce other products.