Cost Plus, Cottage Industry, Council, Counsel




Cost Plus, Cottage Industry, Council, Counsel :




Cost Plus : an agreement whereby the person signing the agreement agrees to complete a task at the raw cost plus the overheads and the profit which would be calculated as either a particular percentage of the raw cost or as a fixed rate per unit or a flat fee for the job



Cottage Industry : small business, operated from the home, including the family members and characterised by a lack of an organised structure like a big company or organisation



Council : a collection of people who meet for discussion, debates etc.



Counsel : the advice given after intense debate and pondering : a person who gives advice on legal matters




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