The price of products only includes the costs incurred by the manufacturer for procuring the raw material and for processing the products.

Name: The price of products only includes the costs incurred by the manufacturer for procuring the raw material and for processing the products.
Brand: Quizplus
Rating: 4.7 (42 reviews)

Question

Quizplus · Accepted Answer

The price of products also includes other costs such as labor, marketing, distribution, and overheads, in addition to the costs of raw materials and processing.

The Price of Products Only Includes the Costs Incurred by the Manufacturer