What is the connotation of cost?

1. The connotation of cost is the value category of commodity economy and an integral part of commodity value. If people want to carry out production and business activities or achieve certain goals, they must spend certain resources, and the monetary expression and objectification of the resources spent is called cost. Moreover, with the continuous development of commodity economy, the connotation and extension of the concept of cost are constantly changing and developing.

2. Cost is the economic value measured in money by consuming resources by producing and selling certain kinds and quantities of products. Enterprises need to consume means of production and labor to produce products, and these consumption is measured in money in the cost, which is manifested in material expenses, depreciation expenses, salary expenses and so on. The business activities of an enterprise include not only production, but also sales activities, so the expenses incurred in sales activities should also be included in the cost.

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