production cost Antonyms
No Synonyms and anytonyms found
Meaning of production cost
Wordnet
production cost (n)
combined costs of raw material and labor incurred in producing goods
production cost Sentence Examples
- The company closely monitors production costs to ensure profitability and competitiveness in the market.
- Increasing raw material prices have led to higher production costs for manufacturers.
- The production cost of a product includes expenses such as labor, materials, and overhead.
- Effective cost management strategies can help reduce production costs and improve profit margins.
- The company implemented new technology to streamline operations and lower production costs.
- Fluctuations in currency exchange rates can impact production costs for businesses that import materials.
- Rising energy costs have contributed to higher production costs for many industries.
- The company conducted a thorough analysis of production costs to identify areas for optimization.
- The government offers tax incentives and subsidies to help businesses offset production costs.
- The company outsourced certain production processes to lower-cost regions to remain competitive in the global market.
FAQs About the word production cost
combined costs of raw material and labor incurred in producing goods
No synonyms found.
No antonyms found.
The company closely monitors production costs to ensure profitability and competitiveness in the market.
Increasing raw material prices have led to higher production costs for manufacturers.
The production cost of a product includes expenses such as labor, materials, and overhead.
Effective cost management strategies can help reduce production costs and improve profit margins.
