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Cost function

💡 Words with a Similar Meaning to "Cost function"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
cost-benefit analysisnounAny comparison of costs and benefits.
variable costnoun(accounting) A cost that changes with the change in volume of activity of an organization.
costingverbThe estimation of the cost of a process or product.
cost objectnoun(accounting) Something to which costs are assigned; anything for which a separate measurement of cost is required.
should-costnoun(business, countable) A price determined by this means.
cost objectivenoun(accounting) The purpose for which costs are measured.
accounting costnoun(economics) The total amount of money or goods expended in an endeavor, in which it is paid out at some time and recorded in journal entries and ledgers.
cost centernoun(accounting, management) A division or project of an organization to which costs can be specifically allocated.
cost centrenoun(UK, accounting, management) Alternative form of cost center. [(accounting, management) A division or project of an organization to which costs can be specifically allocated.]
direct costnoun(finance, accounting, business) A cost that can be directly attributed to a cost object (such as a particular project, facility, function, service, or product).
costnounAmount of money, time, etc. that is required or used.
consumption functionnoun(economics) A function that describes the relationship between consumption and disposable income.
marginal costnoun(economics) The increase in cost that accompanies a unit increase in output; the unit cost of that additional output; the partial derivative of the cost function with respect to output.
pricenounThe cost required to gain possession of something.
cost pricenoun(finance) The amount paid by a trader for goods purchased.
operating costnoun(business, accounting) Expense which is related to the operation of a business.
cost benefit analysisnounAlternative spelling of cost-benefit analysis. [(finance, economics) A methodology to help appraise or assess the case for a project or proposal, by estimating the net cost or benefit of the project of proposal.]
unit costnounThe cost to acquire a unit of a good or service for a specific quantity that is produced or purchased. (For example, if it costs the baker 1000 pesos to produce a batch of biscuits that weigh 50 kilos, then their unit cost per kilo is 20 pesos.)
fixed costnoun(accounting, chiefly in the plural) A cost of business which does not vary with output or sales; an overhead.
break-evennoun(business, management) The level of revenues sufficient to cover costs.

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