Business terms and jargon
explained. Your business dictionary
What is Relative CostIs the cost or price of a product expressed in terms of another. The cost/price is relative to the cost/price of another product.
e.g. a good cigar costs about 10 pints of beer.
The price of a new suit is about the same as three-four shirts.
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Term created / updated 2007-01-13 23:00:01
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.