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Production cost
PRODUCTION COST

Definitions:

i. Costs incurred by a business from manufacturing a product or providing a service.

ii. Cost of production is the total price paid for resources used to manufacture a product or create a service.

iii. The costs related to making or acquiring good and services that directly generates revenue for a firm.
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* Plus, Minus, Multiply, Divide, Equal to ...


COOL. Purposeful and necessary to have and to know costs (connect to #8).

CHEAP. Production line processes or stages are specific and identifiable.

CHARGE. Output or outcome at each stage, is measurable and/or assessable.

CORRECT. Factors of production - fixed, variable, etc. employed complete.

COMPLETE. Invincible expenditures - wastage, delay, tax, etc. - included.

CUSTOMARY. Calculation, assessment done appropriately and professionally.

CONTROLLED. Figure, total obtained is considered current or in real time.

CONGREGATED. Exercise serves purpose(s), if used in pricing and exchange.
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'CONSERVATIVE'.

WHAT PROFIT MARGIN HERE?

CONTEMPORARY.

WHERE ARE THE CUSTOMERS?

COMMENSURATE.

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