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if there's no raw material, then no finished product will be produced.
From a procurement standpoint, the advantage of semi-finished material versus raw material is that less steps are needed to have a finished product. The downside to semi-finished material is the cost.
When the raw material is converted into finished product is called production.
The ratio of raw materials to product is called the material yield ratio. It measures the efficiency of converting raw materials into finished products.
A finished product. Cotton in its natural state is very loose fibres. Processing twists the cotton into strong threads.
Vertical Integration
It's an industry where the finished product weights more than the raw material.
An industry which provides their finished product to other industries as their base product or raw material are known as " Feeder Industry "
A production process, is any one of the steps involved, in the conversion of a raw material, into a finished product
Raw Material!(:
See the Related Links for "Answers.com: Raw Material" to the bottom for the answer.Raw material is the set of items you would get together to use to assemble a finished producteg bricks cement sand stone water are classic examples of raw material to start building a house