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  2. Manufacturing cost - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_cost

    Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost, direct labor cost and manufacturing overhead. [1] It is a factor in total delivery cost. [2]

  3. Design-to-cost - Wikipedia

    en.wikipedia.org/wiki/Design-to-cost

    These costs are seen as an equally important parameter besides feature scope and schedule, the three taken together yielding the well-known project triangle. By taking the right design decisions as early as during the initiation and concept phase of the product life-cycle , unnecessary costs at later stages can be avoided.

  4. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  5. Prices of production - Wikipedia

    en.wikipedia.org/wiki/Prices_of_production

    A production price for outputs in Marx's sense always has two main components: the cost-price of producing the outputs (including the costs of materials, equipment, operating expenses, and wages) and a gross profit margin (the additional value realized in excess of the cost-price, when goods are sold, which Marx calls surplus value).

  6. Getting what you pay for: Customers weigh costs, benefits of ...

    www.aol.com/getting-pay-customers-weigh-costs...

    Cost paramount among consumer values. Joseph Balagtas is a Purdue University professor of agriculture economics and the director of the Center for Food Demand Analysis and Sustainability, which ...

  7. Quality, cost, delivery - Wikipedia

    en.wikipedia.org/wiki/Quality,_cost,_delivery

    Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), [1] is a management approach originally developed by the British automotive industry. [2] QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions.

  8. US producer prices surge on costly eggs, but disinflationary ...

    www.aol.com/news/us-producer-price-increase...

    The cost of hotel and motel rooms dropped 3.1% after rising 2.8% in October. Prices for physician and hospital outpatient care were unchanged, but the cost of hospital inpatient care rose 0.2%.

  9. Sharp downgrades to US unit labor costs bode well for ...

    www.aol.com/news/us-third-quarter-unit-labor...

    Moderate labor costs growth is likely to be welcomed by Federal Reserve officials when they hold their last meeting. WASHINGTON (Reuters) -U.S. unit labor costs grew far less than initially ...