Question

the cost incurred by the firm to promote sales​

Answer 1

Answer:

The cost incurred by the firm to promote sales. Concept: Classification of Market.

Answer 2

The costs incurred by the company to promote the sale are:

• Since the sale price of a company depends on the costs incurred in it, many companies try their best to keep it.

• Low cost with non-allocation of non-essential costs in making a finished product.

• Instead, the only relevant cost is considered “Existing Expenses” for the product to keep the sales price very low.

• The firm will cease to incur sales costs when the profit margin is as high as possible.

• This can be a point where extra revenue due to advertising costs equals additional costs in advertising.