Tangible cost,
Definition of Tangible cost:
Tangible costs represent expenses that are clearly tied to the item generating the expense. Some examples of tangible costs include:.
The amount assigned to an area of business operations, such as payment for supplies.
A tangible cost is a quantifiable cost related to an identifiable source or asset. Tangible costs can be directly connected to a material item used in production or to conduct business operations.
How to use Tangible cost in a sentence?
- Tangible costs can be directly connected to a material item used in production or to conduct business operations.
- A tangible cost is a quantifiable cost related to an identifiable source or asset.
- Tangible costs examples include paying employee wages, inventory, computer systems, assets such as land, equipment, or a new factory.
Meaning of Tangible cost & Tangible cost Definition
