Which of the Following Is Not an Explicit Cost

question 141

Multiple Choice

Which of the following is not an explicit cost?

• A) Salaries.
• B) Sales taxes.
• C) Utilities, such as gas and electricity.
• D) Insurance.
• E) The firm owner's time.

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Definitions:

Closing

The final step in a sale process where the transaction is concluded and the goods or services are exchanged for payment.

Approach

A method or strategy used in tackling a problem or in the initial stage of an engagement or negotiation.

Presentation

The act of showing and explaining the content of a topic to an audience or learner.

Closing Techniques

Strategies or tactics applied by sales professionals to persuade a customer to make a purchase.