noun the cost required to acquire or purchase something
In real estate, acquisition cost refers to the total cost associated with purchasing a property, including purchase price, closing costs, and any renovations or improvements.
In finance, acquisition cost refers to the total cost incurred to acquire a new asset or business, including purchase price, transaction fees, and any other associated costs.
In accounting, acquisition cost is used to determine the value of an asset on the balance sheet, often including initial purchase price and any additional costs necessary to bring the asset into use.
In business management, acquisition cost is a key metric used to evaluate the cost-effectiveness of acquiring new resources or businesses, helping to assess return on investment.
In marketing, acquisition cost is a metric used to calculate the cost of acquiring a new customer, including advertising, sales, and promotional expenses.
In supply chain management, acquisition cost is used to evaluate the cost of acquiring raw materials or components needed for production, influencing pricing and sourcing decisions.
In the publishing industry, acquisition cost refers to the expenses incurred in acquiring rights to publish a book or other literary work. Writers may need to negotiate these costs with publishers or literary agents.
Psychologists may use acquisition cost in the context of research studies or clinical trials. It can refer to the cost of acquiring participants or data for a study, including recruitment, incentives, and other related expenses.