Business costs involved in the production of goods: prices will increase to reflect the increased production costs new technologies may drive production costs down
More example sentences
- If all the studios were to take the brave decision to cut inflated star salaries they could potentially shave off tens of millions of dollars off production costs.
- On the Waterfront opened to excellent critical reviews and positive public reaction, and went on to gross ten times its production costs in its initial release.
- By cutting development and production costs, Ford had increased the likelihood of the car's profitability.
Definition of production costs in:
- The British & World English dictionary