Definitions from the Web
Cost-Recovery
Description:
Cost-recovery refers to the process of regaining or offsetting the expenses or costs incurred in providing goods or services. It involves recovering the financial outlay associated with production, distribution, maintenance, or any other relevant activities.
Sample Sentences:
- The government implemented a cost-recovery plan to fund the construction of the new highway.
- The subscription fees for online streaming platforms contribute to their cost-recovery efforts.
- The museum relies on donations and ticket sales for cost-recovery to cover its operational expenses.
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