Give economic term : The cost incurred by the firm to promote sales.
Q.1 (B) (iv) Give economic term : The cost incurred by the firm to promote sales.
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Answer: Selling cost
Selling costs are expenses incurred to increase the sale of a product, e.g. advertisement, free gifts, window display, sales promotion. They are an important feature of monopolistic competition.
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· 28 Oct 2026
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