What is cost?

  • (verb): Require to lose, suffer, or sacrifice.
    Example: "This mistake cost him his job"
    See also — Additional definitions below

Cost

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production.

Read more about Cost.

Some articles on cost:

Tax Depreciation
... Most income tax systems allow a tax deduction for recovery of the cost of assets used in a business or for the production of income ... Where the assets are consumed currently, the cost may be deducted currently as an expense or treated as part of cost of goods sold ... The cost of assets not currently consumed generally must be deferred and recovered over time, such as through depreciation ...
Experience Curve Effects - The Experience Curve
... Each time cumulative volume doubles, value added costs (including administration, marketing, distribution, and manufacturing) fall by a constant percentage ... is plotted with the of cumulative units produced on the horizontal axis and unit cost on the vertical axis ... A curve showing a 15% cost reduction for every doubling of output is called an “85% experience curve”, indicating that unit costs drop to 85% of their original ...
Vision Radio Network - History
... Many small to medium sized country towns in Australia have benefited from the cost-effective approach of using low powered FM transmitters ... The setup cost is achievable for most communities ... The ongoing cost is minimal due to low maintenance equipment with low power consumption - some stations in remote areas even use solar power ...
Barber - Training
... Cost of Barber School—Many states require a barber license in order to practice barbering professionally ... The cost of barber school varies from state to state, and also from metro area to metro area ... Schools in larger metropolitan areas tend to cost more than those located in more rural towns ...
Zenvo - Cost
... It is estimated that the basic cost of the car, without registration or tax, will be around five million Danish kroner, which is approximately $850,000 ... The cost of putting the car on the road in Denmark would be around 16 million kroner as a result of registration expenses, but Zenvo is aiming at the export market alone ...

More definitions of "cost":

  • (verb): Be priced at.
    Example: "These shoes cost $100"
    Synonyms: be
  • (noun): The total spent for goods or services including money and time and labor.
  • (noun): Value measured by what must be given or done or undergone to obtain something.
    Example: "The cost in human life was enormous"
    Synonyms: price, toll
  • (noun): The property of having material worth (often indicated by the amount of money something would bring if sold).
    Example: "He couldn't calculate the cost of the collection"
    Synonyms: monetary value, price

Famous quotes containing the word cost:

    I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.
    Calvin Coolidge (1872–1933)

    This people must cease to hold slaves, and to make war on Mexico, though it cost them their existence as a people.
    Henry David Thoreau (1817–1862)

    The one regret I have about my own abortions is that they cost money that might otherwise have been spent on something more pleasurable, like taking the kids to movies and theme parks.
    Barbara Ehrenreich (b. 1941)