- cost, opportunity
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n.A potential benefit lost because of a decision made.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
Cost — This article is about the economic concept. For the scientific organization, see COST. For uses of The Cost , see The Cost (disambiguation). Expenditure redirects here. For personal consumption expenditure, see Consumption (economics). In… … Wikipedia
opportunity cost — The price paid for not investing in a different investment. It is the income lost from missed opportunities. Had the money not been invested in land, earning 5%, it could have been invested in T Bills, earning 10%. The 5% difference is an… … Financial and business terms
cost — The expenditure on goods and services required to carry out the operations of an organization. There are a number of different ways of defining cost, the major ones being average cost, first in first out cost, historical cost, last in first out… … Accounting dictionary
cost — 1) An expenditure, usually of money, for the purchase of goods or services. 2) An expenditure, usually of money, incurred in achieving a goal, e. g. producing certain goods, building a factory, or closing down a branch. See also current cost;… … Big dictionary of business and management
cost — The price that a shop charges for a vehicle or one of its components. To the shop, it is the price they pay for the component (i.e., the net price) to which they add an amount or percentage to arrive at the selling price. Also see cap cost… … Dictionary of automotive terms
Cost of conflict — is a tool which attempts to calculate the price of conflict to the human race. The idea is to examine this cost, not only in terms of the deaths and casualties and the economic costs borne by the people involved, but also the social,… … Wikipedia
Opportunity — may refer to: Opportunity International An International microfinance network that lends to the working poor Opportunity NYC is the experimental Conditional Cash Transfer program being launched in New York City Opportunity, Washington, a city in… … Wikipedia
Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined … Wikipedia
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; and * an informal approach to making decisions of any kind. Under both … Wikipedia
opportunity cost — op·por·tu·ni·ty cost n: the cost of making an investment that is the difference between the return on one investment and the return on an alternative Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary