Production function

Production function,

Definition of Production function:

  1. A mathematical equation or graph that shows the relationship between physical inputs and physical outputs for a business. The production function for a business typically focuses on the physical and so does not take into account non physical aspects of production like prices.

How to use Production function in a sentence?

  1. You should always be able to access the production function quickly to try and spot any leaks your business may have,.
  2. The production function was presented during the team meeting to illustrate the process that we all contribute to in an artistic manner.
  3. If you want to put out a lot of your product quickly you should know the production function and how to best utilize it.

Meaning of Production function & Production function Definition