Asked by
Laura Rebecca
on Dec 06, 2024Verified
What are the two types of costs that should be taken into consideration when understanding cost drivers?
A) cost of goods sold and operating expenses
B) cost of startup and cost of operations
C) cost of pre-startup and cost of operations
D) employee costs and infrastructure costs
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
Operating Expenses
Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.
- Distinguish between different types of costs and their impact on pricing strategies.
Verified Answer
EH
Learning Objectives
- Distinguish between different types of costs and their impact on pricing strategies.
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