DIFFERENTIAL COST
(noun)Definitions
There is 1 meaning of the phrase
Differential Cost.
Differential Cost - as a noun
The increase or decrease in costs as a result of one more or one less unit of output
Synonyms (Exact Relations)
incremental costmarginal costExample Sentences
"Calculating the differential cost between two alternative suppliers is essential for making an informed purchasing decision."
"The manager analyzed the differential cost of maintaining in-house production versus outsourcing the manufacturing process."
"By considering the differential cost, the company decided to upgrade its machinery instead of replacing it."
"The differential cost of expanding the business included the expenses of hiring new employees and leasing a larger facility."
"The differential cost of using renewable energy sources versus traditional sources was a determining factor in the company's sustainability strategy."