Chapter 5   Costs Concepts

In Chapter 5 you will learn about various costs concepts. This can be spoken about very philosophically. The costs, the price, the value of something?

 

Learning Content Chapter 5

Becoming familiar with, being able to talk about, realizing what it is: various costs and revenues concepts.

– THE HISTORICAL COST PRICE

– THE REPLACEMENT VALUE             Now there is spoken about VALUE.

– THE REVENUE VALUE

  1. The direct realizable value A bid made. The revenue to be realised immediately.
  2. The indirect realizable value Now discounted all future (estimated) revenues.

There is also the concept:

– THE ACTUAL VALUE

Costs

– DIRECT

– INDIRECT

– FIXED

– VARIABLE    This distinction is relative.

SHORTLY, ALMOST EVERYTHING IS FIXED AT A SHORT TERM

AND IN THE LONG TERM, EVERYTHING IS VARIABLE.

– NARROW

– WIDE

– STANDARD

– REAL

– Discretionary costs

– Incremental costs

– Opportunity costs

– Sunk costs   and so on.

Part 2 of ‘Business Economics VI Groundbreaking’ discusses the important concept

– SHADOW PRICE i.e. CONTRIBUTION MARGIN       and also

– DIFFERENTIAL COSTS       as well

– INTEGRAL COSTS

This book harshly criticizes out-of-date Business Economics textbooks.

You are very poorly trained in Business Economics even at Business Schools that ignore this book.

A self-study book, hardly needing a teacher. Necessary also for many managers in companies to improve their own performance.

Can be ordered directly via this link https://www.boekengilde.nl/boekenshop/business-economics-vi-groundbreaking/?attribute_pa_boek-type=hardcover

En Nederlandstalig https://www.boekengilde.nl/boekenshop/bedrijfseconomie-vi-grensverleggend/?attribute_pa_boek-type=hardcover