Discretionary cost is an expenditure that eliminated if needed based on judgement. This type of expenditure would have little or no effect on profit which is an advantage to the company.
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
The portion of discretionary spending typically spent on defense varies. If a country is at war, the discretionary spending percentage will be higher for defense.
Households spend most of their discretionary income on consumption.
Advantages: Competition > profit > innovation. Disadvantages: higher costs for consumers there are losers risk for an entrepreneur
transportation costs entertainment
transportation costs entertainment
Anything can be paid for with discretionary income. That's what makes it discretionary. "Discretionary income" isn't a real "thing". It's actually all just income. "Discretionary" income refers to what's left over after you've paid for necessities: food, water, shelter, taxes, "fixed costs", things like that. So, probably the item among the following that isn't actually a NEED is the one the question is looking for.
Discretionary Cost:Cost such as that of advertisement, research and development that a manager may eliminate without disrupting the firm's operations or affecting its productivity capacity in the short runEngineered Cost:This is the cost which have direct relation with cause or activity like direct material, direct labor etc.
A non-discretionary cost is one that is not completely controllable by you. Typically you may be able to exert a little influence on such costs by understanding and manipulating consumption patterns but you are not able to unilaterally completely eliminate the cost from your cost-base.
Reduced labor costs.
Advatges it costs
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
The advantages include a reduction in travel costs as well as the ability to reuse the content. Development costs can also be reduced.
business discretionary powers
The advantages are that you will be able to get more things for the business. The disadvantages are that they are a lot of costs.
Discretionary user lay between expert and novice users