BEAR THE COST definition | Meaning, pronunciation, translations and examples
FINANCIAL COST definition | Meaning, pronunciation, translations and examples
2 meanings: 1. business the costs involved in producing goods or services 2. law the expenses of judicial proceedings.... Click for more definitions.
— A historical cost is a measure of value used in accounting in which an asset on the balance sheet is recorded at its original cost when acquired by the company.
Definition of External costs. An external cost occurs when producing or consuming a good or service imposes a cost (negative effect) upon a third party. If there are external costs in consuming a good (negative externalities), the social costs will be greater than the private cost. The existence of external costs can lead to market failure.
COSTS meaning: 1. the amount of money needed for a business or to do a particular job: 2. the amount of money…. Learn more.
Opportunity cost definition: the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative. See examples of OPPORTUNITY COST used in a sentence.
COST-EFFECTIVE definition: 1. If an activity is cost-effective, it is good value for the amount of money paid: 2. If an…. Learn more.
Definition of 'cost' COBUILD frequency band. cost (k ɔ st) Word forms: plural, 3rd person singular present tense costs, present participle costing language note: The form cost is used in the present tense, ... Download our English Dictionary apps - available for both iOS and Android. Read more.
the amount of money that you need to buy or do something: The cruise ship was built at a cost of $400 million. Software is included at no extra cost. The cost of living (= the cost …
Marginal Cost Definition & Examples. The cost of producing one additional unit of a good or service. 3 minute read. Marginal Cost, also known as "incremental cost", is an economics term that refers to the cost of producing one additional unit of a good or service. It is closely related to Marginal Revenue, which is the revenue generated ...
What is a basic definition of cost? Cost means a price that must be paid for something or a sace. Cost is used as a verb to mean to require a payment or to cause the loss of …
noun. the price paid to acquire, produce, accomplish, or maintain anything: the high cost of a good meal. Synonyms: outlay, expenditure, expense, charge. an outlay or expenditure …
cost. noun. /kɒst/ /kɔːst/ Idioms. [countable, uncountable] the amount of money that you need in order to buy, make or do something. cost of something the high/low cost of …
COST meaning: 1 : the price of something the amount of money that is needed to pay for or buy something; 2 : an amount of money that must be spent regularly to pay for …
UPFRONT COST definition | Meaning, pronunciation, translations and examples
— Average Fixed Cost Example. Let's assume it costs Company XYZ $1,000,000 to produce 1,000,000 widgets per year. This $1,000,000 cost includes $500,000 of administrative, insurance, and …
— Cost-plus contracts can be contrasted with fixed-cost contracts, in which two parties agree up front to a specific cost, regardless of the actual expenses incurred by the contractor.
— Dollar-cost averaging is the system of regularly buying a fixed dollar amount of a specific investment, regardless of the price.
— Cost: Definition. Cost is the sace made that is usually measured by the resources given up to achieve a particular purpose. It is a sace made in order to obtain some goods or services. Costs are not always expenses; Some …
What is the definition of cost of production? For a business owner, knowing their cost of production is a vital step in creating and maintaining a profitable business. By knowing the cost of every step in production, management can optimize production processes, delivery schedules, and general business activities in an effort to make better ...
Definition: A fixed cost is an expense that does not change as production volume increases or decreases within a relevant range. In other words, fixed costs are locked in place as long as operations stay within a certain size. Fixed costs are less controllable than variable costs because they aren't based on volume or operations.
The cost of something is how much money you need to spend on it. The high cost of a fancy coffee drink might surprise you.
— Definition and Examples of Opportunity Cost . Opportunity cost is the value of what you lose when choosing between two or more options. When you decide, you feel that the choice you've made will have better results for you regardless of …
Actual cost definition: the cost of a product based on incurred costs of material and labor required in its production.. See examples of ACTUAL COST used in a sentence.
COST meaning: 1. the amount of money that you need to buy or do something: 2. something that you give or lose…. Learn more.
— Opportunity cost is the potential forgone profit from a missed opportunity—the result of choosing one alternative over another.
1 [countable, uncountable] the amount of money that you need in order to buy, make, or do something the high/low cost of housing A new computer system has been installed at a cost of $150,000. The plan had to be abandoned on grounds of cost. We did not even make enough money to cover the cost of the food. Consumers will have to bear the full cost of …
— Depending on the business, it may have a relatively large base of fixed costs. Mixed Cost. A mixed cost is one that contains both a fixed and variable element. This means that there will be a baseline cost, irrespective of the activity level, plus a variable cost that changes to a degree as the activity level changes. Accounting for a ...
COSTS definition: 1. the amount of money needed for a business or to do a particular job: 2. the amount of money…. Learn more.
— A sunk cost is an expense that cannot be recovered. These types of costs should be excluded from decision-making. ... Definition, Types, Benefits, and Example. ... Dictionary; Editorial Policy ...
The cost of something is how much money you need to spend on it. The high cost of a fancy coffee drink might surprise you. A new car costs thousands of dollars, while in …
Don't use too much of it—it cost a lot of money. All these reforms will cost money (= be expensive). Good food need not cost a fortune (= cost a lot of money). cost somebody something The meal cost us about $40. This is costing the taxpayer $10 billion a year. cost something to do something The hospital will cost an estimated $3 million to build.
— The meaning of OPPORTUNITY COST is the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (such as another use of the same resources or an investment of equal risk but greater return).
— Switching Cost Definition. Switching cost refers to the cost incurred by a customer while changing a service, product, or supplier and is not limited to just the financial cost but can also be psychological cost, time cost, etc. Every shift a customer makes comes with a cost, so it should be evaluated properly before making the switch.
— A list and definition of different types of economic costs. Fixed Costs (FC) The costs which don't vary with changing output.Fixed costs might include the cost of building a factory, insurance and legal bills. Even if your output changes or you don't produce anything, your fixed costs stay the same.
From Longman Dictionary of Contemporary English Related topics: Trade cost cost 1 / kɒst $ kɒːst / S1 W1 noun 1 [countable] COST the amount of money that you have to pay in order to buy, do, or produce something cost of the cost of accommodation I offered to pay the cost of the taxi. Insurance to cover the cost of a funeral is possible. This doesn't …
The meaning of COST-EFFECTIVE is producing good results without costing a lot of money. How to use cost-effective in a sentence. ... Dictionary Entries Near cost-effective. costean. cost-effective. cost-efficient. See More Nearby Entries . Cite …
