Question

Distinguish between selling cost and production cost

Answer 1

Distinguish between selling cost and production cost is given below,

Selling cost

The whole price of promoting and selling a good or service, or one of its costs: Advertising is the main form of expenditure that is associated with selling.

• Modified the buying habits and preferences of consumers.
• various costs for advertising, killing men's commissions, sales promotions, and Publicity.
• Promote the purchase and raise awareness.

Production costs

Production costs are the expenses a business has to pay while producing a good or offering a service that brings in money for the business.

Various expenditures, including labor, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs.

• A common requirement to create under customer needs.
• It covers costs associated with the commodity's manufacturing, transportation to market, storage, and delivery to the buyer.
• Creation of a useful

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