Tangible cost

Tangible cost,

Definition of Tangible cost:

  1. Tangible costs represent expenses that are clearly tied to the item generating the expense. Some examples of tangible costs include:.

  2. The amount assigned to an area of business operations, such as payment for supplies.

  3. 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?

  1. Tangible costs can be directly connected to a material item used in production or to conduct business operations.
  2. A tangible cost is a quantifiable cost related to an identifiable source or asset.
  3. 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