Show Summary Details

Quick Reference

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; economic costs; fixed cost; historical cost; marginal cost; opportunity cost; replacement cost.

Subjects: Business and Management.

Reference entries

See all related reference entries in Oxford Index »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.