broad costing

USAGE SUMMARY

The phrase "broad costing" is not a standard expression in written English and may cause confusion.
It could be used in contexts discussing financial analysis or budgeting, but it is advisable to clarify its meaning. Example: "The company implemented broad costing to assess the overall financial impact of the project."

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

A broad costing perspective will be used for the economic evaluation.

BMC Psychiatry

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

A broader costing perspective will be considered in a sensitivity analysis, taking into account NHS/PSS costs, patients' personal expenditure and costs associated with work loss.

BMC Musculoskeletal Disorders

The SPF Costing Tool has been used by a number of countries – including Argentina, Egypt, Madagascar and Senegal – as a means to conduct broader costing and affordability analyses.

Unicef

Maintenance costs for the health system as a whole were included in the broader costing of the health strategy and were taken into account in this section to avoid double counting.

Human Resources for Health

The company also previously announced that it would adopt some broad cost-cutting measures to help improve its performance.

The Guardian - Tech

Noncompensation expenses were $2.38 billion, 13 percent lower than a year ago, reflecting a broad cost-cutting push across the firm.

The New York Times

Volkswagen said that it would eliminate 5,000 jobs as part of a broad cost-cutting plan to counter eroding profits and the unfavorable effects of the rising euro.

The New York Times

The yield on Italian 10-year bonds, the broad cost of government borrowing, crept back above 7 percent on Thursday as European stocks fell for a sixth day.

The New York Times

It is the smallest class since 259 were named managing director in 2008, reflecting a broad cost-cutting effort at the firm.

The New York Times

At about the same time, according to papers filed by Mr. Botticella's lawyers, the company embarked on a broad cost-cutting drive.

The New York Times

In the midst of all its high-level executive changes, Universal is also trimming 60 administrative and technical jobs as part of broad cost-cutting measures.

The New York Times

Expert writing Tips

Best practice

When using the term "broad costing", ensure that you clearly define the scope of costs included in your analysis to avoid ambiguity.

Common error

Avoid using "broad costing" without specifying which costs are included. This can lead to misunderstandings and inaccurate financial assessments.

Linguistic Context

The phrase "broad costing" functions as a noun phrase, typically used to describe a method or perspective in cost analysis. As Ludwig AI explains, while not a standard expression, it describes costing. The term modifies the type of costing being applied, emphasizing its scope.

Expression frequency: Rare

Frequent in

Science

35%

News & Media

33%

Formal & Business

32%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "broad costing" refers to a comprehensive approach to cost analysis, considering a wide range of direct and indirect costs. Ludwig AI notes that its usage, while not entirely standard, appears primarily in scientific, news, and business contexts. To ensure clarity, define the scope of costs included when using this term. Alternatives such as "comprehensive costing" or "holistic cost assessment" can also be used. While grammatically acceptable, its infrequent use suggests that specifying the scope is crucial for effective communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

comprehensive costing

Emphasizes completeness and thoroughness in cost assessment.

extensive costing

Highlights the wide-ranging nature of the cost analysis.

inclusive costing

Focuses on incorporating all relevant costs.

wide-ranging cost analysis

Rephrases the concept as an analysis with a broad scope.

holistic cost assessment

Stresses a complete and interconnected view of costs.

total cost evaluation

Highlights the overall evaluation of all costs involved.

overall cost estimation

Focuses on estimating costs across all areas.

general cost calculation

Describes a broad calculation of costs.

high-level cost analysis

Focuses on a top-down analysis of costs, useful for project overviews and preliminary budget assessments.

macro-level costing

Similar to 'high-level', this term describes cost analysis from a larger, overarching perspective.

FAQs

What does "broad costing" mean?

"Broad costing" refers to a costing approach that considers a wide range of costs, often including direct and indirect costs, and sometimes societal or environmental impacts. It contrasts with more narrow costing methods that might only focus on direct expenses.

How can I use "broad costing" in a sentence?

You might say, "The study employed a "broad costing" perspective to capture all relevant expenses" or "A "broad costing" approach is essential for evaluating the true economic impact of this project".

What's the difference between "broad costing" and "narrow costing"?

"Broad costing" encompasses a wide range of costs, whereas "narrow costing" focuses on a limited set of direct costs. "Broad costing" provides a more complete picture but can be more complex, while narrow costing is simpler but potentially less accurate.

Are there alternative terms for "broad costing"?

Yes, you can use terms like "comprehensive costing", "inclusive costing", or "holistic cost assessment" to convey a similar meaning.