Question

meaning of cost in breif​

Answer 1

Answer:

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.

Answer 2

Answer:

cost is the amount to be paid or given in order to get something . cost denotes amount of money that a company spends on the creation or production of goods and services . It does not includes mark up or profit . From the seller point of view, cost is the amount of money that is spent to produce goods or products.