Business Terms and Jargon Explained

What is Relative Cost

Is 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.

or

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

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