production Meaning in Cambridge Business English Dictionary
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Meaning of "production" - Business English Dictionary

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production

noun [U]
 
 
/prəˈdʌkʃən/ PRODUCTION
the process of producing commodities (= oil, metals, crops, etc.) or manufacturing goods to be sold: production costs/processes/targets Many businesses have moved their manufacturing operations to Asia to lower their production costs.a decline/fall/increase in production Opec is expected to agree to an increase in production. energy/food/oil production
go into/out of production to start/stop making a product: The popular model is scheduled to go out of production by the end of the year.
( also Production) the department in a company that makes goods: The launch date has been announced so it is vital that Production deliver on time.
the amount of goods or products that are made or grown by a company or country: UK wheat production is forecast to be 700,000 tonnes higher than last year. cut/expand/increase production
the activity of organizing the practical and financial details of a film, television programme, etc.: The production company that owns the format has made huge profits from its adoption by networks around the world.
(Definition of production from the Cambridge Business English Dictionary © Cambridge University Press)
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