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What (who) is relevant cost - definition
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.
Opportunity cost
WHEN PRESENTED WITH MULTIPLE OPPORTUNITIES, THE COST OF MAKING A CERTAIN CHOICE IN COMPARISON TO ITS ALTERNATIVES
Alternative cost; Hidden cost; Opportunity costs; Opportunity Cost; Oppurtunity Cost; Oppetunity cost; Hidden costs; Opprtunity cost
In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More simply, it means if you chose one activity (for example, an investment) you are giving up the opportunity to do a different option.
Wikipedia
Relevant cost
A relevant cost (also called avoidable cost or differential cost)Garrison, Ray H., Noreen, Eric W.
