Question

The cost incurred by the firm to promote sales ______

Options

• Total cost

• Average cost

• Marginal cost

• Selling cost

Answer 1

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.