Αποτελέσματα Αναζήτησης
As required, we have to provide five (5) examples of selling and distribution costs. Here are the examples: Salesperson's commissions; Salespersons' salaries; Delivery and trucking expenses; Advertising; Store rent expense
Study with Quizlet and memorize flashcards containing terms like Revenue, Business model, Cost-volume profit analysis and more.
Study with Quizlet and memorize flashcards containing terms like Cost of Goods Sold (COGS), Cost of Services Sold (COSS), Definition of One Unit and more.
Selling Costs: Definitions, Assumptions, Equilibrium! Selling costs play the key role in monopolistic competition and oligopoly. Under these market forms, the firms have to compete to promote their sale by spending on advertisements and publicity.
We will see in the following chapters that revenue is a function of the demand for the firm’s products. Total cost is what the firm pays for producing and selling its products. Recall that production involves the firm converting inputs to outputs. Each of those inputs has a cost to the firm.
Opportunity Cost = the value of the opportunity lost. Value. has a benefits and a cost. Choose the option (product) with the greatest benefit & lowest cost (monetary value). Study with Quizlet and memorize flashcards containing terms like Opportunity Cost, Basic Economic Problem, An example and more.
These two definitions of cost are important for distinguishing between two conceptions of profit, accounting profit, and economic profit. Accounting profit is a cash concept. It means total revenue minus explicit costs—the difference between dollars brought in and dollars paid out.
