advantage, influence, power, control, clout, sway,, weight, dominance, command,ancy, edge, upper hand, mastery, strength, supremacy, leverage
price - expense - charge - fee - outlay - expenditure - payment - rate tariff - valuation - worth - value - amount - figure - sum - toll - assessment - levy - damage - dues - fare - premium - price tag - asking price - retail price - wholesale price - sticker price - cost price - selling price - market price - list price - purchase price - acquisition cost - overhead - budget - disbursement - spending - financial outlay - monetary outlay - pecuniary outlay - fiscal outlay - economic outlay - capital outlay - investment - costliness - dearness - pricy - costly - high-priced - expensive
The term 'cost' refers to the amount of money required to purchase, produce, or maintain anything. Costs can be classified into various categories such as fixed costs, variable costs, direct costs, and indirect costs. Understanding cost is fundamental in business as it impacts pricing strategies, budgeting, and financial planning. It plays a crucial role in decision-making and profitability.