cost avoidance

  

Definition

Action taken to reduce future costs, such as replacing parts before they fail and cause damage to other parts. Cost avoidance may incur higher (or additional) costs in the shortrun but the final or life cycle cost would be lower.

Related Videos




http://www.businessdictionary.com/definition/cost-avoidance.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z