Collectively, All Costs Such as Distribution, Marketing, and Design Are

question 87

Multiple Choice

Collectively, all costs such as distribution, marketing, and design are part of

• A)downstream activities.
• B)fixed costs.
• C)the value chain.
• D)manufacturing costs.

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Definitions:

Marginal Cost

The cost for the creation of one extra unit of a product or service.

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

Marginal Revenue

The additional income gained from selling one more unit of a product or service.

Marginal Cost

The supplementary expenditure arising from the creation of an additional unit of a good or service.