What does differential cost mean?
Definitions for differential cost
dif·fer·en·tial cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word differential cost.
Princeton's WordNet
marginal cost, incremental cost, differential costnoun
the increase or decrease in costs as a result of one more or one less unit of output
ChatGPT
differential cost
Differential cost, also known as incremental cost, refers to the change in costs that arises due to a business making a specific decision or choosing one alternative over another. It's the difference in total cost that will result from implementing a certain business decision. It plays a vital role in managerial decisions as it only considers the costs and benefits that will change with each decision. Notably, if the costs remain the same across all decision alternatives, they are not considered differential costs.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of differential cost in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of differential cost in Pythagorean Numerology is: 4
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"differential cost." Definitions.net. STANDS4 LLC, 2024. Web. 29 May 2024. <https://www.definitions.net/definition/differential+cost>.
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