What is NON VALUE ADDING COST?

time and monetary costs that increase the total cost of an activity without enhancing the value of the goods or services in the eyes of the customer

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Related Legal Terms
LIFETIME COST, MATERIAL COST, MARGINAL COST, CARRYING COST, VALUE ADDING PROCESS, COST INFLATION, BATCH COST, COST OF CAPITAL, SEMI VARIABLE COST, AVERAGE COST


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