GradeGen

The expense of producing a product, influenced by choices such as materials, features and manufacturing methods.

Production cost influences the price at which the business can sell profitably, but cost and selling price are not the same thing.

Distinguish production cost from selling price: cost is part of the design mix, while price is what the customer pays.

The expense of producing a product, influenced by choices such as materials, features and manufacturing methods.

Production cost influences the price at which the business can sell profitably, but cost and selling price are not the same thing.

Distinguish production cost from selling price: cost is part of the design mix, while price is what the customer pays.

Production cost