Those costs which are incurred during the period when the manufacturing is conducted. (Cost of raw materials and direct labour are outside the purview of factory overhead.)

Expenses incurred for continuing with the manufacturing activity at the factory.

A place (usually a building) where goods are manufactured.

Different factors helping in the process of production or supply of good or services. Example: Land, Labour, Capital and Capability of the entrepreneur.

It is a financial term. Factoring service is extended by specialized agencies who assume responsibility for credit risk for which a service charge is taken.

Any item that is bought for the purpose of resaling it.

Replacing one factor of production by another such as substituting labour by a machine or capital. Thus wages is reduced and interest increased as a result.

A shop from which a manufacturer sells his surplus stock at a discount. Also a functional department of a factory.

Refers to the reward offered to any factor of production for the services rendered to the firm; such payments are wages for labour, interest for capital, rent for land and profit for entrepreneurial risk-taking.

Statistical analysis employed to identify the basic links rnderlying a welter of interrelated variables.

A process by which the relative importance of variables in the study of a sample is ascertained by mathematical techniques.

1) A business agent. 2) A merchant buying or selling on commission. 3) A company that buys a manufacturers invoices and takes responsibility for collecting the payments due on them.

Anything that helps to bring about a result.

A short treatise dealing with important background information about an organisation, project or product etc.

A statement supported by proof.

An exact copy of a document or paper transmitted to facsimile (FAX) transmission through telephone network.

A facility signifies any physical objects ( a bank, hospital or factory ) relevant to location analysis.

It is the nominal value of a financial instrument. It is different from market value.

The principal amount that is shown on the face of any debt instrument.

Preparation of an item from raw-materials by means of machining, finishing, weaving or by other methods.