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Cost price
COST PRICE

Definition: The cost of producing something or the price at which it is sold without profit.
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* All six elements would be in.


1. All the necessary inputs are in - labour, services, security, storage, rentals, etc., etc.

2. The worth or value of raw materials, including transportation, acquisition, equipment leasing, etc. are appropriately calculated.

3. No wastage, reallocation, etc. occur during the process of production. That is, production is without a hitch.

4. No reckoning. That is, figures are exact, not approximates.

5. No unfair restrictions, rules or regulations to affect the determinants of final cost. That is, no price controls, price fixing or price war on the raw material(s) from which product is made.

6. (Reserved.) (No serious thought about pricing or the price at which item would be sold after its production, especially when conducting negotiations.) (To emphasize.)
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... HOPING THAT COSTS WILL BALANCE OUT.

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