production

production definition - business

production

  1. Using labor and materials to create and build a product.
  2. Extracting natural resources from the ground.
  3. Customer orders generated by a salesperson: Each person in the office had a production goal for the month.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.