Cost Hierarchy

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Cost Hierarchy

A listing of all a company's or department's activities according to how expensive they are. While more expensive activities are not automatically reduced or eliminated, a cost hierarchy may make prioritization of activities easier, which may in turn influence budgeting decisions.
References in periodicals archive ?
Hierarchy of cost means simply that until the twentieth century, paints made with exotic pigments like lapis lazuli cost a lot more than paints with earth pigments and were used more sparingly.