Which of the Following Is Not an Explicit Cost

question 145

Multiple Choice

Which of the following is not an explicit cost?

• A)salaries
• B)sales taxes
• C)the cost of utilities, such as gas and electricity
• D)insurance premiums
• E)the value of a firm owner's time

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Definitions:

Smartphone

A mobile phone that incorporates advanced features like internet access, email capability, and the ability to run software applications.

Purchases

Transactions where buyers acquire goods or services from sellers in exchange for money or other compensation.

Share Of Wallet

The proportion of a customer's total spending that is captured by a business, indicating the customer's loyalty and the effectiveness of the company's marketing.

Customer Loyalty

The likelihood of previous customers to continue purchasing from a specific retailer or brand over time.