The Explicit Cost of Production Is Also Called

question 21

Multiple Choice

The explicit cost of production is also called

• A)variable cost.
• B)accounting cost.
• C)direct cost.
• D)overhead cost.

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Definitions:

Social Media

Online platforms where people can create content, share it, interact, and connect with others.

Millennials

A generational cohort following Generation X, typically defined as people born from the early 1980s to the late 1990s, known for their familiarity with digital communications and media.

Loyal Customers

Consumers who repeatedly purchase from the same brand or business, often showing a preference for it over competitors.

Packaging

This refers to the materials and designs used to wrap or protect goods for sale, storage, or distribution.