Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is meant by explicit and implicit cost?

user-image
Question added by SURESH ILLATHUPARAMBLE , FINANCE MANAGER , ROYAL PRINTING PRESS LLC
Date Posted: 2014/07/15
Mohamed Imthiaz
by Mohamed Imthiaz , Vice President Finance , Emirates National Copper Factory LLC

It is in the details.

Implicit is a cost hidden with other costs so that you cannot see it seperately.

While explicit cost is a seperate identifiable cost that you can distinguish.

With google around the corner you can perhaps get more insights.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.