factor cost meaning, definition, what is factor cost: a cost related to a FACTOR OF PRODUCTION...: Learn more.
Factor cost can be defined as the total cost of all the factors of production in manufacturing a good. Factors of production include capital, land, labor, and enterprise. It does not account for the subsidies received and taxes paid. Hence, it is not the same as the market price. Also ...
The meaning of COST FACTOR is an element or condition related to a unit of product or to an activity or to a service for which money must be spent (as raw material, direct labor, and burden).
The meaning of FACTOR is one who acts or transacts business for another. How to use factor in a sentence. Did you know?
The highest risk factor for coronary heart disease was found to be smoking.verbsdepend on certain factorsSuccess depends on certain factors.factors influence somethingVarious factors influenced the government’s decision.factors determine somethingThe final cost of the product was determined by a ...
Knowledge may also come from third party "independent" evaluation, to obtain a more objective view, though usually at some additional cost. These costs can vary depending upon how the independence is structured, but some of the ways the evaluation structure is varied may affect the meaning of ...
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Learn the essentials of marginal cost, including its meaning, formula, and real-life examples. Understand how businesses use it to make informed production decisions.
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prime ribs of beef. first in order of time, existence, or development; earliest; primitive. basic; fundamental: the prime axioms of his philosophy. Mathematics.(of any two or more numbers) having no common divisor except unity: The number 2 is prime to 9. ...