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What (who) is business cost - definition
MANAGEMENT ACCOUNTING TERM
Cost centre; Cost center (business); Cost centres
Cost centre (business)
A cost centre is a department within a business to which costs can be allocated. The term includes departments which do not produce directly but incur costs to the business, when the manager and employees of the cost centre are not accountable for the profitability and investment decisions of the business but they are responsible for some of its costs.
Cost, Texas
HUMAN SETTLEMENT IN TEXAS, UNITED STATES OF AMERICA
Cost, TX
Cost is an unincorporated community in Gonzales County, Texas, United States. According to the Handbook of Texas, the community had an estimated population 62 in 2000.
Cost reduction
PROCESS USED BY COMPANIES TO REDUCE THEIR COSTS AND INCREASE THEIR PROFITS
Cost-cutting; Cost cutting; Cost saving; Cost-saving
Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or products, the strategies can vary.
Wikipedia
Cost centre (business)
A cost centre is a department within a business to which costs can be allocated. The term includes departments which do not produce directly but they incur costs to the business, when the manager and employees of the cost centre are not accountable for the profitability and investment decisions of the business but they are responsible for some of its costs.
Examples of use of business cost
1. He said the new system will help in reducing business cost and National Trade Corridor will expand and efficiently run.
2. It makes you re–assess all of your priorities." The business cost around 100,000 to set up and the family used their savings rather than take out a loan.
3. He stressed that there were also many savings in his package of budget consolidation measures, which has the overall aim of making €117bn in budget savings by 200'. He noted that the element of the package that will cut companies‘ non–wage labour costs was one of the largest business cost–saving moves in decades.