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What are Relevant Costs?

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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.
Overview: Relevant Cost
Type
Definition
Costs that have a bearing on a particular decision or strategy.
Related Concepts
Next: Prospective Costs

Business Costs

This is the complete list of articles we have written about business costs.
Abatement
Applied Cost
Business Equipment
Capacity Cost
Capex
Capital Improvement
Carrying Costs
Closing Costs
COGS
Cost Of Capital
Cost Of Revenue
Cost Of Living
Direct Cost
Distress Cost
Expenses
CAC
Fixed Costs
Friction Cost
Employee Costs
Holding Costs
Intangible Cost
Marginal Cost
Operating Cost
Operating Expenses
Opex
Legacy Costs
Outlay Cost
Lifetime Cost
Overhead Costs
Menu Costs
Relevant Cost
Shrinkage
Normal Costs
Sunk Costs
Tangible Cost
Operational Costs
Travel Expenses
Unit Cost
Opportunity Cost
Variable Costs
Prospective Cost
Semi Variable Cost
Step Costs
Switching Costs
Transaction Costs
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