Cost Hierarchy

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.
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If the selected minimum cost hierarchy have n layers, the new successor hierarchies will have n +1 layers.
There was also a cost hierarchy. The authors include a table of the fees charged by Thomas Sharp.
The general idea is to divide costs at different levels in the cost hierarchy to different cost drivers, so the major activities performed must be identified first.
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