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:

Motivation

Embracing Change

Do you ever wonder why some people deal with change better than others? Were they born with natural skills? Did they learn through trial-and-error? Or, are they just faking it?

... [ more... ]

Business & Financial

Investing: In Terms of Perceptions

Changing negative perceptions about a business or an industry takes time. Here's an example: The increasing technological sophistication of Detroit's automakers has yet to be translated into higher... [ more... ]

E-commerce

Six components of a good e-commerce site

Many of your competitors are already doing business through the Internet. You read that yearly growth rate of e-commerce is over 25 percent. E-commerce segment for the businesses that sells to othe... [ more... ]

Useful Articles

E-commerce

Preventing Online Fraud

Career

Loving the Job You’re In

E-commerce

Enterprise Portals - The Next Big Thing

Time Management

Basics of Filing

Customer Servces

Unspoken rules on appearance, responsibility guide teen workers