In Marketing Cost Analysis, All of the Following Are Considered

question 176

Multiple Choice

In marketing cost analysis, all of the following are considered natural accounts EXCEPT:

• A) salaries.
• B) raw materials.
• C) wages.
• D) office supplies.
• E) packing and shipping.

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Definitions:

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, such as labor or capital, holding all other factors constant.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public sector.

Tax Imposed

The act of levying or enforcing a financial charge or other levy upon a taxpayer by a governmental organization.

Supply of Labor

The sum of hours employees are prepared and available to work at a specified rate of pay, within a certain timeframe.