A key characteristic of a/an _____ is a lack of processing by the supplier into a newly formed product.
A)component
B)semifinished product
C)finished good
D)MRO item
E)raw material

Question

Quizplus · Accepted Answer

A raw material is a basic material that has not been processed or converted into a finished product. It is used in the production process to make finished goods. Therefore, a lack of processing is a key characteristic of a raw material. The other options - component, semifinished product, finished good, and MRO item - all involve some level of processing or assembly by the supplier.

A Key Characteristic of A/an _____ Is a Lack of Processing