PRODUCTION COST
(noun)Definitions
There is 1 meaning of the phrase
Production Cost.
Production Cost - as a noun
Combined costs of raw material and labor incurred in producing goods
Example Sentences
"The company is trying to reduce production costs by cutting down on waste."
"The production cost of this item is higher than its selling price."
"The production cost of the new car model includes the cost of raw materials and labor."
"The increase in production costs forced the company to raise the prices of their products."
"Efficiency improvements in the production process resulted in lower production costs."
