Materials

Definition:

Materials are physical goods (and their cost) used in the manufacture of a product, often separated into direct material (that which goes directly into the product such as cream into ice cream, or steel into cars) and indirect material (that which is used in maintaining the manufacturing environment such as cleaning fluids or oil for lubrication of manufacturing equipment). Indirect materials are usually part of the overhead component of cost. The term material, when used without the direct or indirect qualifier, usually refers to direct materials.

Related terms:

Market Adjustment-Trading Securities account

Free enterprise system

Useful articles:

»	Email is great! Or IS it??
»	The New Model for Business
»	4 Questions To Ask About Your Business Before You Advertise
»	Clever Idea for Obtaining New Leaders

Student Loan

If you are in pursuit of higher learning and want to figure the cost you are in the right place.

Credit card

How long it will take to pay off your credit card and how much interest you will pay by minimum payment

Capital gain

Money gurus are always preaching long-term investing - generally it is much lower than regular

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Management

Finding The Right Way To Motivate Your Employees

Fear, Incentives and Growth Zig Ziglar says that there are three main ways to motivate people in general and employees specifically. They are fear, incentives and growth. Let’s take a look at e... [ more... ]

Time Management

Common courtesy shouldn't take back seat to technological advances

Dear Joan:

I have enjoyed your column for years and as of today, I have a new favorite website! I browsed the archives of www.joanlloyd.com looking for something that would initiate so... [ more... ]

Business & Financial

Best Ways to Consolidate Debt

Next to winning the lottery, a debt consolidation loan is a debtor’s dream. You’ll have one monthly payment – and hopefully be able to finally pay off those debts.

... [ more... ]