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Q. |
What is selling cost? |
A. | Cost incurred on transportation of commodities to market |
B. | Cost incurred on promoting the sale of the product |
C. | Cost incurred on commission and salaries personnel |
D. | Cost incurred on advertisement |
Answer» B. Cost incurred on promoting the sale of the product | |
Explanation: Selling cost is total cost of marketing, advertising, and selling a product. It differs from the production cost which is incurred to produce goods. |
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