Definition, Meaning & Synonyms
running-costs
noun
/ˈrʌnɪŋ kɔːsts/
Definition
The expenses that are incurred in the ongoing operation of a business or system.
Examples
- Managing running costs is crucial for the sustainability of small businesses.
- The running costs of electric vehicles are generally lower than those of gasoline cars.
- By monitoring running costs, the company was able to increase its profit margins.
Meaning
Running costs refer to the costs necessary to maintain the day-to-day operations of a business or organization.
Synonyms
- operating expenses
- operational costs
- overhead costs
