Three basic manufacturing cost categories
Manufacturing is the creation or production of goods using equipment, labor, machines, tools, and processing or chemical or biological formulations.
This is the nature of the secondary sector of the economy. The term can refer to a wide range of human activities, from craftsmanship to high technology, but it most commonly applies to industrial design, where raw materials from the primary sector are transformed into finished products on a large scale.
These goods may be sold to other manufacturers to produce other more complex products (such as airplanes, home appliances, furniture, sports equipment, or automobiles) or distributed through the tertiary sector to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then resell to individual customers).
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