Define: Raw Material Cost
Raw Material Cost means the expense incurred for materials used in manufacturing a product, including associated freight.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Raw Material Cost means the expense incurred for materials used in manufacturing a product, including associated freight.
Relevant Circumstances
- When entering a partnership with a supplier
- When hiring a new manufacturer
- When purchasing materials or resources for production
Relevant Sectors
- Manufacturing
- Automobile Industry
- Electronics