Question

Sacrifice made to acquire something is called as ______.

Options

• Cost

• Price

• Revenue

• Expense

Answer 1

Sacrifice made to acquire something is called as Cost.

Explanation:

In cost accounting and business economics, cost is defined as the financial value or resource sacrifice required to acquire or manufacture an asset, good, or service. A cost, as opposed to a price, which is what a seller asks for in the market, or an expense, which is an expired cost used up to create immediate revenue, indicates the whole exchange value given up throughout the acquisition.