The cost incurred by the firm to promote sales ______ - Economics

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MCQ
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The cost incurred by the firm to promote sales ______

Options

  • Total cost

  • Average cost

  • Marginal cost

  • Selling cost

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Solution

The cost incurred by the firm to promote sales Selling cost.

Explanation:

  • The expense expended by the company to increase sales is referred to as the selling cost in economic parlance.
  • This is how the company increases demand for its goods and, as a result, sales volume.
  • It comprises the costs associated with broadcasts, hoardings, storefront displays, gifts, radio, and television commercials.
  • Selling expenses frequently have an impact on a company's or a product's demand curve.
  • The demand curve for the seller is shifted to the right.
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2021-2022 (March) Set 1

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