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production cost reducer vs production cost

Both phrases are correct, but they have different meanings. 'Production cost reducer' refers to something that reduces production costs, while 'production cost' simply refers to the cost of production. They are not directly comparable as one is a noun phrase and the other is a noun.

Last updated: March 21, 2024 • 829 views

production cost reducer

This phrase is correct and commonly used in the context of business or manufacturing to refer to something that reduces production costs.

This phrase is used to describe a tool, method, or strategy that helps in reducing the overall cost of production in a business or manufacturing setting.

Examples:

  • Implementing automation was a great production cost reducer for the company.
  • The new software acted as an effective production cost reducer for the manufacturing process.
  • The energy-efficient machinery served as a production cost reducer for the factory.
  • The streamlined supply chain management system was a key production cost reducer.
  • Investing in employee training proved to be a valuable production cost reducer.

production cost

This phrase is correct and commonly used to refer to the total cost incurred in the process of manufacturing a product or providing a service.

This phrase is used to describe the overall expenses involved in the production of goods or services, including raw materials, labor, overhead costs, etc.

Examples:

  • The production cost of the new product was higher than anticipated.
  • We need to analyze the production cost to determine the profitability of the project.
  • Reducing production costs is essential for maintaining competitiveness in the market.
  • The company is looking for ways to optimize production costs without compromising quality.
  • Understanding the production cost structure is crucial for effective cost management.
  • Production cost is a cost incurred by a business when manufacturing a good or producing a service. Production costs combine raw material and labor. To figure  ...
  • Production cost is any expense associated with manufacturing a good or providing a service. Direct production costs vary with production levels. Examples of ...
  • What's the difference between the production cost and the manufacturing cost? By Investopedia · Share. Tweet. A: Production costs include any expenses ...
  • Elements of Production Cost. The key elements included in the production costs are as follows: Purchase of raw machinery; Installation of plant and machinery ...

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