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if there's no raw material, then no finished product will be produced.
From a procurement standpoint, the advantage of semi-finished material versus raw material is that less steps are needed to have a finished product. The downside to semi-finished material is the cost.
Raw materials are the materials used to make a finished product. One example would be that mud, water and straw can be combined to make a house. The mud, water and straw are the raw materials, the house is the finished product.
When the raw material is converted into finished product is called production.
The ratio of raw materials to product is called the material yield ratio. It measures the efficiency of converting raw materials into finished products.
A finished product. Cotton in its natural state is very loose fibres. Processing twists the cotton into strong threads.
Vertical Integration
It's an industry where the finished product weights more than the raw material.
An industry which provides their finished product to other industries as their base product or raw material are known as " Feeder Industry "
No, diesel is not considered a raw material; it is a refined petroleum product used primarily as fuel for vehicles and machinery. Raw materials refer to basic substances that are processed or converted into products, whereas diesel has undergone refining and processing from crude oil. Thus, it is a finished product rather than a raw material.
A production process, is any one of the steps involved, in the conversion of a raw material, into a finished product
Raw Material!(: