A cost incurred in the production process by the producer; including tax and profit margins that are anticipated.

(economics) The total amount of money or goods expended in an endeavour. It is money paid out at some time in the past and recorded in journal entries and ledgers.

(business) A process or program to design a product or service to an optimum cost to value ratio.

Any mathematical relationship between an activity and its cost.

Synonym of carbon footprint

(economics) The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

(business) The end cost of an internationally shipped item. This includes purchase price, freight, insurance, and other costs and may sometimes include duties and taxes.

(accounting) The purpose for which costs are measured.

(real estate, usually in the plural) The costs that are incurred in assessing that products/services conform to the requirements. It relates to testing, executing, and examination to assess whether specified quality is being maintained. Some example component items of the total appraisal costs are: product quality audits, process control monitoring, inspection and testing of goods, and maintenance of test equipment.

The average cost of a standard set of basic necessities of life, especially of food, shelter and clothing.