BARE COST Meaning and
Definition
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"Bare cost" refers to the minimal amount or the basic expenses incurred or required to produce or obtain a particular product, service, or resource. It denotes the unadorned or fundamental cost without any additional expenses or markups. This term is commonly used in various business and financial contexts to calculate the direct expenses associated with a specific project or venture.
In a manufacturing setting, the bare cost typically includes the expenses related to raw materials, labor wages, and utilities directly involved in the production process. It excludes indirect costs such as administrative expenses, marketing costs, or overhead expenses which are not directly linked to the production itself.
Similarly, in the context of purchasing goods or services, the bare cost refers to the straightforward price without any ancillary expenses like shipping fees, taxes, or additional service charges. The bare cost is often used as a reference point or starting point for calculating profit margins or determining the ultimate price of a product or service.
By focusing on the bare cost, individuals or businesses can ascertain the core expenditure needed to produce or acquire a certain item or to execute a particular project. This knowledge allows them to make more informed decisions and consider other factors such as profit margins, feasibility, or affordability that are impacted by the bare cost.
Common Misspellings for BARE COST
- vare cost
- nare cost
- hare cost
- gare cost
- bzre cost
- bsre cost
- bwre cost
- bqre cost
- baee cost
- bade cost
- bafe cost
- bate cost
- ba5e cost
- ba4e cost
- barw cost
- bars cost
- bard cost
- barr cost
- bar4 cost
- bar3 cost
Etymology of BARE COST
The term "bare cost" does not have a specific etymology of its own, as it is formed from two separate words: "bare" and "cost".
"Bare" is originated from the Old English word "bær", meaning "naked" or "unadorned". Over time, it developed additional meanings such as "mere", "minimal", or "simple". In the context of "bare cost", it signifies a minimum or basic level.
"Cost" comes from the Old French word "coste", meaning "expenditure" or "expense". It ultimately derives from the Latin word "constare", which means "to stand with" or "to stand firm".
Together, "bare cost" implies a minimal or essential expenditure, referring to the lowest possible cost or the basic expenses required for something.
