Tuesday, 9 July 2013

cost

cost

  

Definition

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, (3) resources, (4) time and utilities consumed, (5) risks incurred, and (6) opportunity forgone in production and delivery of a good or service. All expenses are costs, but not all costs (such as those incurred in acquisition of an income-generating asset) are expenses.

Something of value, usually an amount of money, given up in exchange for something else, usually goods or services. All expenses are costs, but not all costs are expenses. (An expense is the cost of resources used to produce revenue.) As a verb, cost means to estimate the amount of money needed to produce a product or perform a service - See more at: http://www.investordictionary.com/definition/cost#sthash.90eGjXsO.dpuf

Definition: In business and accounting, cost is the monetary value that a company has spent in order to produce something.
Cost denotes the amount of money that a company spents on the creation or production of goods or services. It does not include the mark-up for profit.

From a seller’s point of view, cost is the amount of money that is spent to produce a good or a product. If a seller sold his products at the production price, he would break even, meaning that he would not lose money on his sales. However, he would not make a profit either.

From a buyer’s point of view the cost of a product can be called the price. This is the amount that the seller charges for a product, and it includes both the production cost and the mark-up cost, which is added by the seller in order for him to make a profit
Something of value, usually an amount of money, given up in exchange for something else, usually goods or services. All expenses are costs, but not all costs are expenses. (An expense is the cost of resources used to produce revenue.) As a verb, cost means to estimate the amount of money needed to produce a product or perform a service - See more at: http://www.investordictionary.com/definition/cost#sthash.90eGjXsO.dpuf

Cost

Definition

Something of value, usually an amount of money, given up in exchange for something else, usually goods or services. All expenses are costs, but not all costs are expenses. (An expense is the cost of resources used to produce revenue.) As a verb, cost means to estimate the amount of money needed to produce a product or perform a service.
- See more at: http://www.investordictionary.com/definition/cost#sthash.bvlVbsxF.dpuf

Cost

Definition

Something of value, usually an amount of money, given up in exchange for something else, usually goods or services. All expenses are costs, but not all costs are expenses. (An expense is the cost of resources used to produce revenue.) As a verb, cost means to estimate the amount of money needed to produce a product or perform a service.
- See more at: http://www.investordictionary.com/definition/cost#sthash.bvlVbsxF.dpuf

Cost

Definition

Something of value, usually an amount of money, given up in exchange for something else, usually goods or services. All expenses are costs, but not all costs are expenses. (An expense is the cost of resources used to produce revenue.) As a verb, cost means to estimate the amount of money needed to produce a product or perform a service.
- See more at: http://www.investordictionary.com/definition/cost#sthash.bvlVbsxF.dpuf

Cost

Definition

Something of value, usually an amount of money, given up in exchange for something else, usually goods or services. All expenses are costs, but not all costs are expenses. (An expense is the cost of resources used to produce revenue.) As a verb, cost means to estimate the amount of money needed to produce a product or perform a service.
- See more at: http://www.investordictionary.com/definition/cost#sthash.bvlVbsxF.dpuf

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