production costs
11production — noun 1 (U) the process of making or growing things to be sold as products, or the amount that is produced: The production of consumer goods has increased throughout the world. | Smoking is banned in the factory s production areas. | production… …
12production — pro|duc|tion W1S1 [prəˈdʌkʃən] n 1.) [U] the process of making or growing things to be sold, especially in large quantities →↑produce, product ↑product production of ▪ the production of consumer goods food/oil/milk etc production ▪ agricultural… …
13production — pro|duc|tion [ prə dʌkʃən ] noun *** 1. ) uncount the process of making or growing things in large quantities, especially in a factory or on a farm, so that they can be sold: improvements in energy production and distribution production of: the… …
14production */*/*/ — UK [prəˈdʌkʃ(ə)n] / US [prəˈdʌkʃən] noun Word forms production : singular production plural productions 1) [uncountable] the process of making or growing things in large quantities, especially in a factory or on a farm, so that they can be sold… …
15Production leveling — Production leveling, also known as production smoothing or – by its Japanese original term – heijunka (平準化?),[1] is a technique for reducing the muda waste and vital to the development of production efficiency in the Toyota Production System and… …
16production sharing agreement — (PSA) USA An agreement between a government and a company in which the government awards to the company the right to extract and develop a natural resource (for example, mineral ore or oil). Under a PSA, the company bears the financial risk of… …
17Production Externality — Costs of production that must ultimately be paid by someone other than the producer of a good or service. Production externalities are usually unintended and can have economic, social and environmental side effects. Production externalities can… …
18production manager — ➔ manager * * * production manager UK US noun [C] PRODUCTION, HR ► a person whose job is to manage the processes, costs, etc. involved in making goods: »On receipt of the weekly orders, production managers total the quantity of each SKU ordered… …
19Production expenses — Costs incurred in the production of electric power that conform to the accounting requirements of the Operation and Maintenance Expense Accounts of the FERC Uniform System of Accounts. U.S. Dept. of Energy, Energy Information Administration s …
20production, theory of — ▪ economics Introduction in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw… …
