what is meant by low cost, no cost , high cost production
Answers
Answer:
LOW COST
A type of pricing method where a business sets a comparatively low price in order to enhance the demand for its product among consumers, as well as its competitive position in the market. ... Also called a low price strategy.
NO COST
No Cost EMI means that you don't have to pay extra to convert the large transaction to small instalments. ... Technically there is interest rate at No Cost EMI as well but , online shopping sites like Flipkart, Amazon provide the upfront discount of total interest charged by the bank.
HIGH COST PRODUCTION
The costs related to making or acquiring goods and services that directly generates revenue for a firm. ... Direct costs are those that are traceable to the creation of a product and include costs for materials and labor whereas indirect costs refer to those costs that cannot be traced to the product such as overhead.
Answer:
low cost means product which have less price.
High cost means product which are expensive.
No price means that you don't have to pay any extra amount to avail EMI facult.