Cost is the measure of the inefficiencies realized while delivering a product or service. The more inefficient it is to deliver a product/service, the higher the cost. A perfectly efficient business is able to give away its products for free.
If costs are going up, you know that efficiencies are not being found.
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Cost is the measure of the inefficiencies realized while delivering a product or service. The more inefficient it is to deliver a product/service, the higher the cost. A perfectly efficient business is able to give away its products for free.
If costs are going up, you know that efficiencies are not being found.