The Vietnamese word "giá thành" refers to the cost price or the total cost of producing a product or service. It includes all expenses associated with production, such as materials, labor, and overhead. Understanding "giá thành" is important for businesses to determine how much to charge for their products or services to ensure profitability.
In more advanced contexts, "giá thành" can be analyzed in terms of its components. For example, you might discuss: - Giá thành cố định (fixed costs) – costs that do not change regardless of production levels. - Giá thành biến đổi (variable costs) – costs that vary with production levels.
While "giá thành" primarily means cost price, it can also imply the idea of value in a broader sense when discussing economics or market trends.
"Giá thành" is an essential term in Vietnamese that helps learners understand the financial aspects of production and pricing.