Cost of operation
Topic: Social
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The cost of operation refers to the total expenses incurred in running a company or a specific business activity in its normal operations.[1] It includes both fixed costs, such as rent, salaries, and insurance, and variable costs, such as raw materials, utilities, and production expenses.[2]
See also
References
- ↑ "operating cost definition". Cambridge University Press & Assessment. https://dictionary.cambridge.org/us/dictionary/english/operating-cost.
- ↑ Clark, J. Maurice (1923). "Overhead costs in modern industry". Journal of Political Economy 51 (5): 606–636. doi:10.1086/253551.
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