Costs mean an expression of the financial value of all consumed inputs when producing goods or services.
Costs as in economics and in economy are divided into:
- Fixed costs
- Variable costs
Costs together with revenues make a financial result.
Specific types of costs are:
- Marginal costs
- Opportunity costs
- Transaction costs
- Sunk costs
Related terms and methods:
- Basic terms
- Controlling
- Cost Accounting
- Financial result
- Production process
Related management fields:
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