0
In the field of business what does the term 'relevant cost' mean?
Wiki User
∙ 10y ago
The basic definition of relevant cost would be the costs that are important to running a business. The most important costs that the business needs to run properly. Examples would be rent for the office space, utilities, or equipment to name a few.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What does relevant frequency mean?
Same meaning as relevant
What does labor costs mean?
Labor cost means the direct labor cost incurred by business to manufacture units of products to be sold.
What does the term compensated mean in the field of business?
In the field of business, compensated is the term used to refer to how a business takes care of its employees. Compensation can include benefits, paid time off and bonuses. Businesses compensate their employees in order to retain them, that is, not lose their employees to other companies.
What does section 9 NET COST on the NAFTA form mean?
You really need to check the instructions for the form. This field indicates whether the Net Cost method was uses to calculate regional value content. If yes, NC goes in the field. Otherwise, NO goes in the field.
What does the acronym rsvsra mean?
representative and relevant It's B. relevant and representative
What does the term Cost mean?
Cost management refers to how much it will cost a business to run. By having a cost management plan businesses can attempt to lower their costs therefore creating more revenue.
What does the term cost management mean?
Cost management refers to how much it will cost a business to run. By having a cost management plan businesses can attempt to lower their costs therefore creating more revenue.
How much does aerial photography cost?
what do you mean how much does the pic cost or how much to set up aerial photography business. Well the pic depends on the size you want.
What does steward sales mean?
Steward sales is when a business sells inventory to employees at cost. This is more common in restaurants and hotels.
What does the term marginal cost mean in the field of economics?
Marginal cost in economics means the cost that is not particularly big considering the other costs or investments that are required. It is used to state the cost and then make a very small allowance for it is required for accounting reasons.
What does thematically relevant mean?
Concerning the theme in literature.
Do you have to pay for your boss's keys if you lose them?
If you mean the keys to a business, then the management usually has insurance to cover the replacement cost of keys and locks.
