Definition of Cost factor:
The cost of an item of goods or a service in terms of the various factors which have played a part in its production or availability, and exclusive of tax costs.
Cost estimating relationship in which a cost is directly proportional to one independent variable, such as a certain percentage of the material consumed in producing a good.
How to use Cost factor in a sentence?
- There is no precedent in history for an important factor cost to drop so rapidly for such an extended period of time.
Meaning of Cost factor & Cost factor Definition