raw material

Examples of raw material in the following topics:

• Categories of Business Products

  • Raw Materials: A raw material is the basic material from which a product is manufactured or made.
  • Agriculture and mining businesses are concerned with the production of raw materials, such as plants or minerals.
  • Component Parts: Manufacturers produce products, from raw materials to component parts, which they then sell at a profit.
  • Processed Materials: These products are created from raw materials and are used in the production of another product.

• Types of Businesses

  • Agriculture and mining businesses are concerned with the production of raw material, such as plants or minerals.
  • Manufacturers create products from raw materials or component parts, which they then sell at a profit.

• Defining Product

  • In manufacturing, products are purchased as raw materials and sold as finished goods.
  • Commodities are usually raw materials such as metals and agricultural products, but the term can also refer to anything widely available in the open market.
  • A service is a non-material action resulting in a measurable change of state for the purchaser caused by the provider.

• SIVA: Solution, Incentive/Information, Value, and Access

  • The price of services is often based on value and not economic models, as services are intangible products that can't be priced based on the input of raw materials.
  • The price of services is often determined in this manner as services are intangible products that can't be priced based on the input of raw materials.

• Changes in Pricing

  • If manufacturing costs go up due to the rise in price of some raw material, then prices will need to rise as well.

• Societal Role and Nonprofits

  • Companies are manufacturing more goods, hiring more local labor, and utilizing more raw materials and resources extracted from the environment in international locations.

• Business Products

  • Semi-manufactured goods are raw materials that have received some processing but require some more before they are useful to the purchaser.

• Streamlining Distribution

  • Supply chain planning compares the demand forecast with the actual demand in order to develop a "master plan" (schedule), based on the multi-level sources and critical materials.
  • The master plan is based on the availability of materials, factory capacity, demand, and other operation factors.
  • If these processes are considered from the other side (i. e., for the production of certain products, semi-products and raw materials are needed and are delivered to the factory), they then represent the final products for the factory and the end of one section of the logistics chain.

• Natural Resources, Infrastructure, and Technology of New Markets

  • Natural resources are materials and components (something that can be used) that can be found within the environment.
  • For example, roads enable the transport of raw materials to a factory.

• Product, Placement, Promotion, and Price

  • While the latter can be priced easily by taking into account the raw material costs, in the case of services there are attendant costs--such as labor and overhead costs--that also need to be factored in.