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Question
The cost incurred by the firm to promote sales ______
Options
Total cost
Average cost
Marginal cost
Selling cost
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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