Question

Q. Match the following:
1. Commercial cost
2. Material cost
3. Labor cost
4. Perfect market
5. Imperfect market
6. Very short period market

(a) salary and wages
(b) selling and distribution price
(c) large number of buyers & sellers
(d) cost of packaging
(e) Different price for a class of goods
(f) fixed goods

Answer 1

Answer:

1.b

2.d

3.a

4.c

5.e

6.f

Explanation:

* commercial cost refers to pre marketing expenses

*material cost refers to cost of raw material or major portions of total cost of product

Answer 2

1=d

2=c

3=a

4=f

5=e

6=b.

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