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 …

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 …

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.

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.

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 …

COSTS meaning: 1. the amount of money needed for a business or to do a particular job: 2. the amount of money…. Learn more.

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.

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

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.

 — 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 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 ...

 — 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.

 — 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.

 — 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.

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 …

2 meanings: 1. business the costs involved in producing goods or services 2. law the expenses of judicial proceedings.... Click for more definitions.

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.

Cost-plus definition: paid or providing for payment based on the cost of production plus an agreed-upon fee or rate of profit, as certain government contracts.. See examples of COST-PLUS used in a sentence.

 — 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 ...

 — 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.

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...

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.

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 ...

If you cost out a product or process, you estimate what it is going to cost, for the purposes of pricing or budgeting.

 — Dollar-cost averaging is the system of regularly buying a fixed dollar amount of a specific investment, regardless of the price.

 — For example, the phrase the total cost is $27 is the same as the total price is $27. You can also say, we couldn't afford the cost of a new car or the price of a new car. Price and cost as verbs. As verbs, cost and price do not function the same, however. If we say, "The toy costs $10," we can all understand this sentence.

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.

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.

UPFRONT COST definition | Meaning, pronunciation, translations and examples