Operating Expenses definition: Copy, customize, and use instantly
Introduction
The term "Operating Expenses" refers to the costs associated with running a business or organization on a daily basis. These expenses are necessary for maintaining business operations and are typically deducted from revenue to determine profitability. Operating Expenses include a variety of costs, such as salaries, rent, utilities, and administrative expenses.
Below are various examples of how "Operating Expenses" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Operating Expenses" for general business costs
This definition ties "Operating Expenses" to general business operations.
"Operating Expenses" refers to the expenses incurred in the regular course of business, including but not limited to salaries, rent, utilities, office supplies, and other day-to-day costs required to maintain business operations.
Definition of "Operating Expenses" for management costs
This definition connects "Operating Expenses" to management and administration.
"Operating Expenses" means the costs related to the management, administration, and operation of a business, including executive salaries, office equipment, and management fees.
Definition of "Operating Expenses" for manufacturing companies
This definition links "Operating Expenses" to manufacturing-related costs.
"Operating Expenses" refers to the costs of operating a manufacturing facility, including raw materials, labor, utilities, maintenance, and factory overhead.
Definition of "Operating Expenses" for retail businesses
This definition applies "Operating Expenses" to retail operations.
"Operating Expenses" means the expenses incurred by a retail business in the operation of its stores, including rent, inventory management, wages, utilities, and advertising.
Definition of "Operating Expenses" for service businesses
This definition connects "Operating Expenses" to service industry operations.
"Operating Expenses" refers to the costs incurred by service-based businesses to maintain operations, such as salaries for employees, rent for office space, and supplies for delivering services.
Definition of "Operating Expenses" for non-profit organizations
This definition links "Operating Expenses" to non-profit operational costs.
"Operating Expenses" means the costs associated with running a non-profit organization, including salaries, program expenses, rent, utilities, and administrative costs needed to fulfill its mission.
Definition of "Operating Expenses" for technology companies
This definition ties "Operating Expenses" to the technology sector.
"Operating Expenses" refers to the costs associated with the development, operation, and maintenance of a technology company, including salaries for developers, software licenses, and hardware expenses.
Definition of "Operating Expenses" for transportation businesses
This definition connects "Operating Expenses" to transportation companies.
"Operating Expenses" means the costs involved in running a transportation company, such as fuel, vehicle maintenance, driver wages, tolls, and insurance.
Definition of "Operating Expenses" for hospitality businesses
This definition ties "Operating Expenses" to the hospitality industry.
"Operating Expenses" refers to the costs incurred by businesses in the hospitality sector, including hotel room maintenance, employee wages, food and beverage costs, and utilities.
Definition of "Operating Expenses" for real estate management
This definition links "Operating Expenses" to property management.
"Operating Expenses" means the costs associated with maintaining and managing real estate properties, including property taxes, insurance, repairs, utilities, and management fees.
Definition of "Operating Expenses" for financial institutions
This definition connects "Operating Expenses" to banking and finance sectors.
"Operating Expenses" refers to the costs incurred by financial institutions in their day-to-day operations, including employee salaries, office expenses, technology infrastructure, and regulatory compliance costs.
Definition of "Operating Expenses" for government agencies
This definition links "Operating Expenses" to government operations.
"Operating Expenses" means the costs associated with the functioning of a government agency, including salaries, rent, office supplies, utilities, and administrative costs.
Definition of "Operating Expenses" for advertising firms
This definition applies "Operating Expenses" to advertising businesses.
"Operating Expenses" refers to the costs incurred by advertising firms in running their operations, including employee compensation, media buying, production costs, and office expenses.
Definition of "Operating Expenses" for educational institutions
This definition ties "Operating Expenses" to educational costs.
"Operating Expenses" means the costs associated with running educational institutions, including faculty salaries, utilities, textbooks, and campus maintenance.
Definition of "Operating Expenses" for construction companies
This definition connects "Operating Expenses" to construction businesses.
"Operating Expenses" refers to the costs incurred by construction companies, including labor, equipment maintenance, materials, office overhead, and project-related expenses.
Definition of "Operating Expenses" for agricultural businesses
This definition applies "Operating Expenses" to the agriculture industry.
"Operating Expenses" means the costs associated with the cultivation, harvesting, and selling of agricultural products, including labor, land rent, equipment, and raw materials.
Definition of "Operating Expenses" for franchising businesses
This definition links "Operating Expenses" to franchising operations.
"Operating Expenses" refers to the expenses incurred by franchisors and franchisees in operating their franchise, including royalties, marketing, staff wages, and training costs.
Definition of "Operating Expenses" for logistics and supply chain
This definition connects "Operating Expenses" to logistics and supply chain management.
"Operating Expenses" means the costs associated with the operation of a logistics company, including transportation, warehousing, employee compensation, and inventory management.
Definition of "Operating Expenses" for entertainment industry
This definition ties "Operating Expenses" to entertainment companies.
"Operating Expenses" refers to the costs incurred by businesses in the entertainment industry, including production costs, artist salaries, marketing, and venue-related expenses.
Definition of "Operating Expenses" for healthcare providers
This definition links "Operating Expenses" to healthcare institutions.
"Operating Expenses" means the costs incurred by healthcare providers, including salaries for medical professionals, equipment, office supplies, insurance, and facility maintenance.
Definition of "Operating Expenses" for financial reporting
This definition connects "Operating Expenses" to financial accounting.
"Operating Expenses" refers to the expenses recorded on a company's financial statements as part of their operating costs, including rent, utilities, salaries, and depreciation.
Definition of "Operating Expenses" for franchised restaurants
This definition ties "Operating Expenses" to restaurant franchises.
"Operating Expenses" means the costs associated with operating a franchised restaurant, including food supplies, wages for staff, utilities, and franchise fees.
Definition of "Operating Expenses" for logistics providers
This definition links "Operating Expenses" to logistics service providers.
"Operating Expenses" refers to the ongoing costs for logistics providers, including transportation, warehousing, and administrative fees required to maintain service levels.
Definition of "Operating Expenses" for marketing firms
This definition applies "Operating Expenses" to marketing agencies.
"Operating Expenses" means the costs incurred by marketing firms, including client servicing, advertising campaign management, office overhead, and employee wages.
Definition of "Operating Expenses" for software development companies
This definition connects "Operating Expenses" to software development.
"Operating Expenses" refers to the costs incurred by software development companies, including developer salaries, technology infrastructure, office rent, and marketing expenses.
Definition of "Operating Expenses" for telecommunication companies
This definition ties "Operating Expenses" to telecommunications.
"Operating Expenses" means the costs incurred by telecommunications companies to maintain infrastructure, pay for bandwidth, employee wages, and customer service expenses.
Definition of "Operating Expenses" for insurance companies
This definition links "Operating Expenses" to the insurance industry.
"Operating Expenses" refers to the costs incurred by insurance companies, including underwriting, claims processing, customer service, office expenses, and marketing.
Definition of "Operating Expenses" for media companies
This definition applies "Operating Expenses" to media businesses.
"Operating Expenses" means the expenses involved in running a media company, such as content creation, production costs, staff salaries, and distribution fees.
Definition of "Operating Expenses" for e-commerce businesses
This definition connects "Operating Expenses" to online businesses.
"Operating Expenses" refers to the ongoing costs for e-commerce businesses, including website maintenance, marketing, logistics, and customer service.
Definition of "Operating Expenses" for logistics operators
This definition links "Operating Expenses" to logistics and transportation operators.
"Operating Expenses" means the costs associated with running a logistics operation, including shipping fees, employee wages, vehicle maintenance, and warehouse management.
Definition of "Operating Expenses" for food service businesses
This definition ties "Operating Expenses" to food-related businesses.
"Operating Expenses" refers to the costs involved in running a food service business, including food supplies, labor costs, rent, utilities, and insurance.
Definition of "Operating Expenses" for subscription-based businesses
This definition connects "Operating Expenses" to subscription models.
"Operating Expenses" means the ongoing costs for businesses that operate on a subscription basis, including customer support, technology infrastructure, content creation, and fulfillment.
Definition of "Operating Expenses" for publishing companies
This definition links "Operating Expenses" to the publishing industry.
"Operating Expenses" refers to the costs incurred by publishing companies, including printing, distribution, employee compensation, and marketing for publications.
Definition of "Operating Expenses" for professional services firms
This definition ties "Operating Expenses" to professional services.
"Operating Expenses" means the expenses incurred by professional services firms, such as legal, accounting, or consulting firms, including salaries, office overhead, and client-related costs.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.