"In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore."
The cost structure refers to the expenses incurred by a business in producing and delivering its products or services. This includes things like labor costs, raw materials, and overhead expenses such as rent and utilities.
Fixed costs: The costs that remain constant regardless of the level of production or operation.
Variable costs: These costs vary depending on the volume of production, sales or usage.
Direct costs: These are expenses directly associated with the production of a product or service.
Indirect costs: These are expenses that are not directly associated with the production of a product or service.
Semi-variable costs: These are expenses that have both fixed and variable elements.
Overhead costs: These are indirect costs that cannot be directly attributed to the production of a particular product or service.
Cost allocation: The process of identifying and allocating costs to products, services or projects.
Cost drivers: These are factors that influence the level and nature of costs in a business model.
Cost-volume-profit analysis: An analysis of the costs, revenues, and profits at different levels of production, sales or operations.
Breakeven analysis: An analysis that determines the minimum level of production, sales or operations needed to cover all costs and reach zero profit.
Marginal cost: The additional cost to produce one more unit of a product or service.
Marginal revenue: The additional revenue generated by selling one more unit of a product or service.
Operating leverage: The degree to which fixed costs affect the profitability of a business.
Contribution margin: The difference between sales revenue and variable costs.
Gross margin: Profit generated by subtracting the cost of goods sold from the revenue.
Net profit: The difference between total revenue and total expenses.
Cost reduction strategies: Techniques to reduce the costs of production, sales or operation.
Cost control: The process of managing expenses to stay within a budget or target.
Cost-benefit analysis: An evaluation method to determine if the benefits of a project or activity outweigh the costs.
Cost of goods sold: The direct costs associated with producing a product or service.
Fixed Cost Structure: A cost structure in which the total cost of production remains constant, regardless of the level of output.
Variable Cost Structure: A cost structure in which the total cost of production varies directly with the level of output.
Mixed Cost Structure: A cost structure in which the total cost of production consists of both fixed and variable costs.
Time-based Cost Structure: A cost structure in which the cost of production is based on the time taken to produce a product or service.
Activity-based Cost Structure: A cost structure in which the cost of production is based on the activities required to produce a product or service.
Lean Cost Structure: A cost structure in which the cost of production is minimized by eliminating waste and increasing efficiency.
Cost-plus Cost Structure: A cost structure in which the cost of production is determined by adding a markup to the cost of materials and labor.
Subscription-based Cost Structure: A cost structure in which customers pay a monthly or annual fee to access a product or service.
Freemium Cost Structure: A cost structure in which a basic product or service is offered for free, but premium features are available for a fee.
Pay-what-you-want Cost Structure: A cost structure in which customers are free to choose how much they pay for a product or service.
Value-based Cost Structure: A cost structure in which the price of a product or service is based on the perceived value it provides to customers.
Commission-based Cost Structure: A cost structure in which a commission is paid to intermediaries who sell a product or service.
Asset-lite Cost Structure: A cost structure in which a company relies on outsourcing and partnerships to reduce its fixed costs.
Co-creation Cost Structure: A cost structure in which customers are involved in the creation of a product or service, reducing costs and increasing engagement.
Franchise Cost Structure: A cost structure in which a company licenses its brand and business model to franchisees, who pay an initial fee and ongoing royalties.
"In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost."
"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."
"A cost is the value of money that has been used up to produce something or deliver a service."
"In production, research, retail, and accounting, a cost is the value of money that has been used up."
"The value of money that has been used up to produce something or deliver a service...hence is not available for use anymore."
"The cost is the value of money that has been used up...and hence is not available for use anymore."
"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."
"Cost is a metric that is totaling up as a result of a process."
"Costs are often further described based on their timing or their applicability."
"Cost is a metric...as a differential for the result of a decision."
"The cost may be one of acquisition...over and above the price paid to the producer."
"Cost is a metric... totaling up as a result of a process."
"Cost is the metric used in the standard modeling paradigm applied to economic processes."
"Costs are often further described based on their timing or their applicability."