|Overview: Relevant Cost|
Costs that have a bearing on a particular decision or strategy.
What are Relevant Costs?
John Spacey, updated on July 15, 2023
Relevant costs are expenditures that are within your power to change in the context of a particular decision or strategy. These exclude sunk costs that are already committed, contractual obligations and expenditures required by laws and regulations such as taxes. Relevant costs also exclude any costs that are beyond your decision authority.
Business CostsThis is the complete list of articles we have written about business costs.
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A list of common types of business cost.
A principle of financial accounting.A list of common types of business cost.
A definition of cost escalation with an example.
Common examples of cost reduction.
The common types of cost estimate.A definition of relevant cost with examples.
Detailed examples of how to map out the cost structure of a business.
The definition of cost competition with examples.
An overview of cost goals with examples.A list of common business risks. The four things that can be done about risk. A list of techniques for reducing risk. The potential that you'll achieve too much of a good thing.
Any risk that people have a strong aversion too.
The surprising similarities between risk and opportunity.
The difference between risk management and contingency planning.The common types of uncertainty in decision making and strategy.
The common types of inventory risk.
An overview of common business risk management techniques.
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