Definition
Uniquely identifiable input, part, piece, assembly or subassembly, system or subsystem, that (1) is required to complete or finish an activity, item, or job, (2) performs a distinctive and necessary function in the operation of a system, or (3) is intended to be included as a part of a finished, packaged, and labeled item. Components are usually removable in one piece and are considered indivisible for a particular purpose or use. Commonly, items of very small or insignificant cost are not considered components.
Related Articles
- Four Key Components of Weighing Employee Value
- How Credit Scores Work: How a Score is Calculated
- Total Quality Managementâs Impact on Different Business Processes
- Principles of Creative Leadership
- Corporate Entrepreneurship and its Importance in Large Companies
- The Importance of Quality Over Quantity
Related Videos
http://www.businessdictionary.com/definition/component.html
