The definition of cost and the
Cost savings, avoided cost, and opportunity cost must be understood as relative terms they have meaning only when comparing one outcome to another. Cost of capital refers to the opportunity cost of making a specific investment it is the rate of return that could have been earned by putting the same money into a. Opportunity cost is an economics term that refers to the value of what you have to give up in order to choose something else.
In production, research, retail, and accounting, a cost is the value of money that has been used working clothes, social insurance, taxes on employment &c path cost is a term in networking to define the worthiness of a path, see routing. Cost definition is - the amount or equivalent paid or charged for something : price how to use cost in a sentence. Cost definition, the price paid to acquire, produce, accomplish, or maintain anything: the high cost of a good meal see more.
Top definition cost he scored on his own net what a cost by emohatch march 19, 2004 46 23 get the mug get a cost mug for your father-in-law manafort 2. Cost management definition - cost management is the process of effectively planning and controlling the costs involved in a business it is considered. Environmental costs are costs connected with the actual or potential deterioration of natural assets due to economic activities.
It's more cost-efficient for farmers to hire someone for certain tasks than spend six figures on one piece of equipment, said nick baker, uw extension agriculture. T he purpose of this note is to briefly consider the definition of cost that is appropriate in linear programming the discussion indicates that opportunity cost is not.
Cost-sharing definition: any contribution consumers make towards the cost two types of cost-sharing commonly used in subsidized insurance programs are. If a producer were to sell his products at the production price, his costs and income would break even, meaning that he would not lose money on the sales.
- Definition of cost: an amount that has to be paid or given up in order to get something in business, cost is usually a monetary valuation of (1) effort, (2) material,.
- In the interests of clear communication, we propose three distinct definitions for three words: cost, price, and spending we'll start with cost.
Cost definition: the cost of something is the amount of money that is needed in order to buy , do, or make | meaning, pronunciation, translations and examples. Cost meaning: 1 the amount of money needed to buy, do, or make something, or an amount spent for something: 2 law costs is the money given to a person. Synonyms for cost at thesauruscom with free online thesaurus, antonyms, and definitions find descriptive alternatives for cost.Download the definition of cost and the