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Internal costs are costs that a business bases its price on.
External costs are costs that are not included in what the business bases its price on
Nicodem
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∙ 11y ago
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What is external cost?
Any cost that is impose to other with out any agreement is called external cost. Example Any industry or any organization who generate air pollution. so air pollution is a external cost. So these type of firm imposing external cost to the people and they have no any agreement between industry and affected people. From Muhammad Waqas Azeem Toba Tek Singh, Pakistan
What is the differences between standard cost and marginal cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
What are the similarities and differences between cost benefit analysis and cost effectiveness analysis?
These are essentially the exact same thing. There really aren't any differences. This is just a different way of saying deciding what is most cost effective for your business.
What do you mean by enterprise relationship?
Enterprise Relationship is basically a business strategy for value creation that is not based on cost containment, but rather on the leveraging of network-enabled processes and activities to transform the relationships between the organization and all its internal and external constituencies in order to maximize current and future opportunities. Hope that heaps!!
What are the differences between internal and external economies of scale?
AnswerEconomies of scal occurs when there is an increase in output as cost decreases. This means, as a company will have a better chance to decrease its costs. There are two ways of achieving this, internal and external economies of scale. Internal economies of scale occurs due to the change in size of an individual firm and are not dependant on the industry as a whole. This can be achieved in two ways. 1) Firm level 2) Plant level.External economies of scale occurs due to a growth in the industry as a whole. The individual firms need not grow, however the entire industry around them does.
What is the Difference between External Failure Costs and internal failure costs?
External failure cost is the cost incurred to fix the defects given by customer. Internal failure cost is the cost associated with internal verification activities like fixing the review comments or fixing the internal testing bugs.
What is the cost of external and internal BGP routes?
external 20 internal 200
Differences between modern and traditional theory of cost?
The differences between modern and traditional theory of costs relate to international trade. Traditional theorists thought that there should be a separation from internal trade and internal relations while modern theorists felt the terms were the same.
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
What are external and internal forces in health care?
high cost of health insurance, the technology
Why external modern cost more then internal modern?
More parts, like a case, indicators and a power supply.
Does high internal failure cost mean high external failure costs in a cost of quality analysis?
No. If internal quality failures such as defective component production are caught before shipping and current stock levels are high enough there can be no external failure costs. This is obviously a bit optimistic but it shows there is no necessary correlation.
What is external cost?
Any cost that is impose to other with out any agreement is called external cost. Example Any industry or any organization who generate air pollution. so air pollution is a external cost. So these type of firm imposing external cost to the people and they have no any agreement between industry and affected people. From Muhammad Waqas Azeem Toba Tek Singh, Pakistan
Why do external modems cost more than an internal modem?
An internal modem consists of a card that is installed in the computer, it has no additional wires or hardware. An external modem is more expensive to produce because, in addition to the card, there is the plastic housing that contains it, indicator lights, and cables to connect it to your computer.
What is the distinction between cost accounting and management accounting?
Cost accounting is concerned with cost accumulation for inventory valuation to meet the requirements of external reporting and internal profit measurement.Management accounting relates to the provision of appropriate information for decision-making, planning, control and performance evaluation. (Extracted from Cost and Managment Accounting by Colin Drury, Sixth Edition)
What are some good things about internal combustion?
Internal combustion is easier to control than external combustion. Although, this question probobly is refereing to the differences between the internal combustion gasoline engine and electric cars. The answer would then be the limitations of energy storage of batteries or the high cost of fuel cells. Though great strides are being made in battery technology the problems of energy to weight, dependability, and initial cost, still persist. 1. Energy to weight is how far/fast can you go on a fill/charge. 2. Dependability is how many miles or charge/discharge cycles before the batteries wear out. 3. The initial cost of new technology is not just the cost of the parts but also building new factories and infrastructure. Hybrids overcome point source pollution, the main drawback of the internal combustion engine while bridging the current shortcoming's of electric.
How much does an external battery for a laptop cost?
The price of external laptop batteries varies considerably, depending on make and model. The majority of external laptop batteries retail for between £20 and £100, but some cost in excess of £300.
