RECOVERS COST Meaning and
Definition
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The term "recovers cost" refers to the process or action of regaining or recuperating the expenses incurred in a particular activity, project, or business endeavor. It signifies the act of compensating for the monetary outlay or investment that was initially made to initiate or operate the said undertaking.
In various contexts, the concept of recovering costs is commonly encountered. In business, it pertains to the ability to generate enough revenue or income to offset the expenses and eventually attain profitability. It involves the process of recouping the initial capital expenditure, operational costs, and any other expenditures involved in the production, distribution, or provision of goods or services.
The method employed to recover costs may vary depending on the nature of the venture. It can involve the sale of products or services at a price higher than the production or acquisition costs, thereby creating a profit margin that covers the initial investment. In some cases, contributions from shareholders or other investors, as well as external sources of funding, may also assist in the recovery process.
Besides business, the concept of recovering costs is also relevant in project management, where it refers to the ability to recoup the expenses incurred throughout the project's lifecycle. This often includes expenses like research and development, marketing, implementation, and maintenance. Effective cost recovery is vital for project sustainability and to ensure the project achieves its intended objectives within the allocated budget.
In summary, "recovers cost" denotes the action of recuperating the financial outlay invested in a project, business venture, or activity by generating revenue that exceeds the expenses incurred. Achieving cost recovery is essential for profitability, financial viability, and successful project management.
Common Misspellings for RECOVERS COST
- eecovers cost
- decovers cost
- fecovers cost
- tecovers cost
- 5ecovers cost
- 4ecovers cost
- rwcovers cost
- rscovers cost
- rdcovers cost
- rrcovers cost
- r4covers cost
- r3covers cost
- rexovers cost
- revovers cost
- refovers cost
- redovers cost
- recivers cost
- reckvers cost
- reclvers cost
- recpvers cost
Etymology of RECOVERS COST
The phrase "recovers cost" is not a single word with an etymology, but rather a combination of two words.
1. Recover: The word "recover" comes from the Latin word "recuperare", which means to regain or to get back. It entered the English language in the 14th century and initially referred to the act of getting back something that was lost or stolen. Over time, its meaning expanded to include the regaining of health, strength, or normal condition.
2. Cost: The word "cost" came from the Old French word "coste", which is derived from the Latin word "constare", meaning "to cost". It entered English in the 13th century and originally referred to the price or value of something. "Cost" typically signifies the amount of money, effort, or sacrifice required to obtain or produce something.
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