ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Operating expenses-also known as selling, general and administrative expenses (SG&A)-are the costs of doing business. They include rent and utilities, marketing and advertising, sales and accounting, management and administrative salaries.

Detailed explanation-2: -The running costs of a business are the amount of money that is regularly spent on things such as salaries, heating, lighting, and rent.

Detailed explanation-3: -Operating costs include direct costs of goods sold (COGS) and other operating expenses-often called selling, general, and administrative (SG&A)-which include rent, payroll, and other overhead costs, as well as raw materials and maintenance expenses.

Detailed explanation-4: -Overhead refers to the costs of running a business that are not directly related to producing a good or service. These costs can be fixed, such as rent, or variable, such as transport costs. They can also be semi-variable, such as utilities.

Detailed explanation-5: -Direct Costs. Indirect Costs. Fixed Costs. Variable Costs. Operating Costs. Opportunity Costs. Sunk Costs. Controllable Costs. More items