Differential Cost: Difference between revisions
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|Description=A difference in costs between any two alternatives is known as a differential cost | |Description=A difference in costs between any two alternatives is known as a differential cost. Differential cost encompasses cost increases (incremental costs) and cost decreases (decremental costs) between alternatives. | ||
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Latest revision as of 22:04, 28 May 2013
Description
A difference in costs between any two alternatives is known as a differential cost. Differential cost encompasses cost increases (incremental costs) and cost decreases (decremental costs) between alternatives.
Concept Prerequisite
Wikipedia Reference
Learning Material
Covered in Topic(s)
| Cost Terms Concepts and Classification |