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.

More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes.

Costs (pl.) are often further described based on their timing or their applicability.

Read more about Cost:  Types of Accounting Costs, Comparing Private, External, Social, and Psychic Costs, Cost Estimation, Path Cost, Manufacturing Costs VS. Non-manufacturing Costs

Other articles related to "costs, cost":

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 ... 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 level ...
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 US dollars ... 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 ...
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 ...
Vision Radio Network - History
... 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 ...
Tax Depreciation
... income tax systems allow a tax deduction for recovery of the cost of assets used in a business or for the production of income ... 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 ...

Famous quotes containing the word cost:

    The Fountaine of parents duties is Love....Great reason there is why this affection should be fast fixed towards their children. For great is that paine, cost, and care, which parents must undergoe for their children. But if love be in them, no paine, paines, cost or care will seeme too much.
    William Gouge (20th century)

    The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
    Henry David Thoreau (1817–1862)

    If music in general is an imitation of history, opera in particular is an imitation of human willfulness; it is rooted in the fact that we not only have feelings but insist upon having them at whatever cost to ourselves.... The quality common to all the great operatic roles, e.g., Don Giovanni, Norma, Lucia, Tristan, Isolde, Brünnhilde, is that each of them is a passionate and willful state of being. In real life they would all be bores, even Don Giovanni.
    —W.H. (Wystan Hugh)