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  1. amount by which benefits to a customer exceed cost of doing business with a seller (including a product's price)

  2. The difference between what it costs to make and sell a product and what a customer pays for it

  3. Study with Quizlet and memorize flashcards containing terms like Trust-based relationship selling, Customer Value, Purpose of Sales Dialogue and more.

  4. 22 Ιουν 2023 · Examples of selling costs include advertising, sales commissions, salaries for marketing and advertising personnel, office space for marketing and advertising personnel, finished goods storage costs, and shipping costs paid by the seller for products shipped to customers.

  5. The money that a business earns in sales (or revenue), minus expenses, such as the cost of goods, and the cost of salaries. Revenue - Expenses = Profit (or Loss)

  6. An Introduction to Managerial Accounting and Cost Concepts. Multiple Choice Quiz. 1. The salary of the vice president of finance would be considered a (n): A) manufacturing cost. B) product cost. C) administrative cost. D) selling expense. 2. The wages of materials handling personnel in a factory would usually be considered: A) Answer A. B)

  7. The ____ price is the point at which supply and demand are equal. When you make an economic choice, the _______ is the value of the next-best alternative you did not choose. ___ is the quantity of a good or service that consumers are willing and able to buy.

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