INFORMATION: COST


Meaning of INFORMATION: COST in English

information economies enable relatively knowledgeable firms to acquire, produce, store, ship, or sell products at lower average cost per unit than relatively ignorant ones. e.g. information about risk allows for lower insurance premiums if the insurer is intending on behaving oportunistically; Information systems can reduce the cost of inventory

Raynet Business and Marketing English glossary.      Английский глоссарий компании Raynet Business and Marketing .