👉 Wastage is a legal term that refers to the process of reclaiming or disposing of goods, materials, or other items which are no longer needed. It involves the act of reusing, refurbishing, or recycling these items in order to reduce waste and conserve resources. The term "waste" can refer to any kind of material that is not usable for its intended purpose but has been discarded due to lack of use or neglect.
Outrageously Funny Word Definitions :: Wastage
What is the definition of Wastages? 🙋
👉 Wastages are a measure of how much a product is used or consumed during its production, storage, and transportation. They help in understanding how efficiently a company is using their resources and can be calculated based on various factors such as volume, weight, and duration of use. Wastage can also be calculated by dividing the total quantity of a product produced by the number of units that are used or consumed during its production, storage, and transportation.
What is the definition of Wastage? 🙋
👉 Wastage is a concept in accounting and economics that refers to the amount of resources or goods that are not required or used. It can be defined as the difference between what is actually consumed (i.e., the consumption) and the total cost of production, transportation, and disposal. In simple terms, wastage occurs when an item or service is produced but never used, leading to its loss or waste. This can happen due to various reasons such as spoilage, mismanagement, lack of
