Definition of Total expenditure:
The sum of the price paid for one or more products or services multiplied by the amount of each item purchased. Many business managers operate under the idea that changes in a consumers total expenditure can be affected by price, but the nature of this relationship depends on the relative price elasticity of demand that can vary considerably for different products and services.
How to use Total expenditure in a sentence?
- The total expenditure of this company is on the right track, but we certainly need to make improvements if we are to meet our financial goals.
- Looking at my receipt after having left the grocery store, I noticed my total expenditure exceeded my weekly budget and Id have to cut back my spending.
- The total expenditure for our companys computer systems was far greater than anticipated after factoring in hardware, software and training costs.
Meaning of Total expenditure & Total expenditure Definition