homage. n. 1. a public show of respect or honour towards someone or something (esp in the phrases pay or do homage to). 2. (Historical Terms) (in feudal society). a. the act of respect and allegiance made by a vassal to his lord. See also fealty.
Cost management is the process of planning and controlling the budget of a business.
Cost-plus pricing is a pricing method in which selling price of a product is determined by adding a profit margin to the cost per unit of the product. Cost per unit includes actual direct materials, actual direct labor, actual variable manufacturing overheads and allocated fixed manufacturing overheads.