Production Cost

+**Production Cost** (slug: production_cost)

+Production cost is the total expenditure a business incurs to create a good or service. It comprises both [Fixed Cost](/wiki/fixed_cost) and [Variable Cost](/wiki/variable_cost), fundamentally influencing pricing decisions and a firm's profitability. Understanding these costs is crucial for economic efficiency.

+## See also

+- [Cost Accounting](/wiki/cost_accounting)

+- [Supply Chain](/wiki/supply_chain)