cost of goods
71cost minimization — The behavioural assumption that an individual or firm will seek to purchase a given amount of goods or inputs at the least cost, other things being equal. By making certain assumptions, there will exist a single cost minimizing combination of… …
72cost-plus contract — A contract entered into by a supplier in which the goods or services provided to the customer are charged at cost plus an agreed percentage markup. This method of pricing is very common if the cost of producing the commodity is unknown or if its… …
73cost of sales — 1. in retailing : the purchase cost or inventory value of merchandise sold during a stated period plus the cost of direct work thereon (as alterations or workroom charges) 2. in manufacturing : the production cost or inventory value of goods sold …
74Cost and Freight - CFR — A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Under CFR, the seller does not have to procure marine …
75cost-push inflation — An increase in the prices of goods or services caused by increases in the cost of inputs (especially wages and raw materials). As an explanation of inflation, cost push theories became popular in the 1970s when they appeared to explain the rapid… …
76cost plus — /kɒst plʌs/ noun a system of calculating a price, by taking the cost of production of goods or services and adding a percentage to cover the supplier’s overheads and margin ● We are charging for the work on a cost plus basis …
77cost plus — /kɒst plʌs/ noun a system of calculating a price, by taking the cost of production of goods or services and adding a percentage to cover the supplier’s overheads and margin ● We are charging for the work on a cost plus basis …
78cost clerk — noun 1. : one who computes the cost of producing or selling goods or of any phase of business operations 2. : a clerk who checks the cost of each item purchased against the seller s price list …
79Cost, Insurance and Freight - CIF — A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Contracts involving international transportation… …
80Cost Insurance and Freight — ( CIF) Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. The seller is also responsible for providing cargo insurance at minimum coverage against the buyer s risk of loss or damage… …
