_____ occurs when purchased components are further transformed by the company's production process.

Name: _____ occurs when purchased components are further transformed by the company's production process.
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Question

Quizplus · Accepted Answer

Value adding refers to the process of transforming purchased components or raw materials through the company's production process to create a final product. This process adds value to the raw materials and makes them more valuable to the end consumer.

_____ Occurs When Purchased Components Are Further Transformed by the Company's