Define: Cost of Service
Cost of Service means the total financial burden to an organization, reflecting all direct and indirect expenses of providing a service or product.
Cost of Service means the total financial burden to an organization, reflecting all direct and indirect expenses of providing a service or product.
Relevant Circumstances
- Establishing new service or supplier relationships
- Negotiating terms for service provision
- Determining compensation for a service
- Evaluating the cost-effectiveness of a service