Examlex
Under the Competition Act, "dual category matters" are
Product
An item or service created through a process and offered in the market to satisfy consumer needs or wants.
Advertising Expense
Costs incurred in promoting products or services, classified under operating expenses in the income statement.
Period Cost
Expenses that are not directly tied to the production of goods or services, such as sales, administrative, and other operating expenses.
Product Cost
The total expense incurred to manufacture or acquire a product, including direct materials, labor, and overhead costs.
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