Difference between revisions of "Cost"

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(Created page with "A '''cost''' is the value of money spent to serve a customers. The more costs you have for serving a customer, the less profit you will draw from selling your products/services t...")
 
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Revision as of 10:36, 1 August 2012

A cost is the value of money spent to serve a customers. The more costs you have for serving a customer, the less profit you will draw from selling your products/services to this particular customers.

Costs may be direct/indirect and fixed/variable.