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Economics miscellaneous

  1. What is selling cost ?
    1. Cost incurred on transportation of commodities to market
    2. Cost incurred on promoting the sale of the product
    3. Cost incurred on commission and salaries personnel
    4. Cost incurred on advertisement
Correct Option: B

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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