cost
v.
have a price, require payment; set a price
n.
price, expense
Cost
In
economics,
business, 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.
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Cost-benefit analysis
Cost-benefit analysis is a term that refers both to:a formal discipline used to help appraise, or assess, the case for a
project or proposal, which itself is a process known as
project appraisal; andan informal approach to making decisions of any kind. Under both definitions the process involves, whether explicitly or implicitly, weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option. The formal process is often referred to as CBA, or Cost-Benefit analysis in the United States.
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cost
Noun
1. the total spent for goods or services including money and time and labor
(hypernym) outgo, expenditure, outlay
(hyponym) expense, disbursal, disbursement
(derivation) be
2. the property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of gold and silver"; "he puts a high price on his services"; "he couldn't calculate the cost of the collection"
(synonym) monetary value, price
(hypernym) value
(hyponym) average cost
(derivation) be
3. value measured by what must be given or done or undergone to obtain something; "the cost in human life was enormous"; "the price of success is hard work"; "what price glory?"
(synonym) price, toll
(hypernym) value
(hyponym) death toll
Verb
1. be priced at; "These shoes cost $100"
(synonym) be
(hypernym) be
(hyponym) set back, knock back, put back
(derivation) monetary value, price
2. require to lose, suffer, or sacrifice; "This mistake cost him his job"
(hypernym) necessitate, ask, postulate, need, require, take, involve, call for, demand
(derivation) price, toll
Cost
(v. t.)
To require to be given, expended, or laid out therefor, as in barter, purchase, acquisition, etc.; to cause the cost, expenditure, relinquishment, or loss of; as, the ticket cost a dollar; the effort cost his life.
(v. t.)
To require to be borne or suffered; to cause.
(v. t.)
The amount paid, charged, or engaged to be paid, for anything bought or taken in barter; charge; expense; hence, whatever, as labor, self-denial, suffering, etc., is requisite to secure benefit.
(v. t.)
Loss of any kind; detriment; pain; suffering.
(v. t.)
Expenses incurred in litigation.
(n.)
See Cottise.
(n.)
A rib; a side; a region or coast.
(imp. & p. p.)
of Cost
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
Cost
the total money, time and resources associated with a purchase or activity.