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Production cost   /prədˈəkʃən kɑst/   Listen
Production cost

noun
1.
Combined costs of raw material and labor incurred in producing goods.





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"Production cost" Quotes from Famous Books



... It is out of the question to permit the deviations resulting from individual initiative. Individual initiative is quite as objectionable in obtaining the best results,—that is, high wages and low production cost,—as service would be on a railroad if each locomotive engineer were his own train despatcher, determining at what time and to what place ...
— The Psychology of Management - The Function of the Mind in Determining, Teaching and - Installing Methods of Least Waste • L. M. Gilbreth


Words linked to "Production cost" :   cost


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