cost | meaning of cost in Longman Dictionary of …
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 …
FACTOR COST Definition & Meaning
Factor cost definition: (in social accounting) valuation of goods and services at their overall commercial cost, including markups but excluding indirect taxes and subsidies. See examples of FACTOR COST used in a sentence.
cost noun
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 …
Cost Definition & Meaning | Britannica Dictionary
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 something (such as running a business or raising a family) usually plural
What Is Cost? | Explanation, How to Calculate & Examples
— 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 …
COST Definition & Meaning | Dictionary
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 | definition in the Cambridge Learner's Dictionary
COST meaning: 1. the amount of money that you need to buy or do something: 2. something that you give or lose…. Learn more.
COSTS | English meaning
COSTS definition: 1. the amount of money needed for a business or to do a particular job: 2. the amount of money…. Learn more.
What Is Opportunity Cost?
— 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 …
External costs
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
Define costs. costs synonyms, costs pronunciation, costs translation, English dictionary definition of costs. n. 1. An amount paid or required in payment for a purchase; a price. 2. The expenditure of something, such as time or labor, necessary for the attainment of...
COST definition in American English | Collins English Dictionary
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.
Marginal Cost: Definition, Formula, and Examples
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 ...
cost noun
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
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.
Cost Accounting: Definition and Types With …
— Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing its variable and fixed costs. ... Definition, Types, Benefits, and Example ...
OPPORTUNITY COST Definition & Meaning
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.
What is a Production Cost?
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 ...
What Is a Sunk Cost—and the Sunk Cost Fallacy?
— 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 ...
Cost definition — AccountingTools
— Types of Costs. For analysis purposes, a cost may also be designated as a variable cost, which varies with the level of activity. For example, the telephone cost tends to vary with the number of employees. A cost can instead be designated as a fixed cost, which means that it does not vary with changes in the level of activity. For example, the ...
Cost
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 …
COST definition and meaning | Collins English Dictionary
If you cost out a product or process, you estimate what it is going to cost, for the purposes of pricing or budgeting.
Fixed Costs | Example & Definition
— 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 …
UPFRONT COST definition and meaning | Collins English Dictionary
UPFRONT COST definition | Meaning, pronunciation, translations and examples
Cost Definition & Meaning | Britannica Dictionary
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 …
COSTS definition and meaning | Collins English Dictionary
2 meanings: 1. business the costs involved in producing goods or services 2. law the expenses of judicial proceedings.... Click for more definitions.
Cost-Plus Contract: Definition, Types, 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.
What is a Fixed Cost?
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.
ACTUAL COST Definition & Meaning
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.
Opportunity Cost | Definition, Calculation, Application, …
— Opportunity Cost Definition. Opportunity cost is the implicit cost incurred by missing out on an investment, either with one's time or money.. Because resources are finite, investing in one opportunity causes another opportunity to be forgone.
COSTS | definition in the Cambridge English Dictionary
COSTS meaning: 1. the amount of money needed for a business or to do a particular job: 2. the amount of money…. Learn more.
Switching Cost
— 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.
COST-EFFECTIVE | English meaning
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.
What Is Dollar-Cost Averaging?
— Dollar-cost averaging is the system of regularly buying a fixed dollar amount of a specific investment, regardless of the price.
Cost-effective Definition & Meaning
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 …
Historical Cost: Definition, Principle, and How It Works
— 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.