In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing.
About Denver Prophit Jr.
Co-Founder of StrikeHawk eCommerce, Inc. Whose mission is to provide commercial open source e-Commerce through various popular open source projects such as osCommerce, Zen-Cart and others.
I invite you to collaborate with me through the blog's comment system and via social networks listed on the blog.