Sunday, 7 July 2019

Raw material meaning

According to dictionary Raw material means "the basic material from which a product is made."

Raw materials are the materials that are used in the primary production or Manufacture of goods .

According to  business dictionary website Raw materials means" Basic substance in its natural, modified, or semi-processed state, used as an input to a production process for subsequent modification or transformation into a finished good.
According to MyAccountingCourse website Raw materials are the inputs or resources that a company uses to manufacture its finished products. In other words, this is the unprocessed material like metal stock, rubber blanks, or unrefined natural resources that companies use in there manufacturing processes to produce finished goods to sell the consumers

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