ENTREPRENEURSHIP

Detailed explanation-1: -Cost of sales (also known as “cost of goods sold") refers to the cost required to manufacture or purchase a product that is then sold to a customer. Essentially, the cost of sales refers to what the seller has to pay in order to create the product and get it into the hands of a paying customer.

Detailed explanation-2: -the cost of your product or service is the amount you spend to produce it. the price is your financial reward for providing the product or service. the value is what your customer believes the product or service is worth to them.

Detailed explanation-3: -Marketing is the process of getting the right goods or services or ideas to the right people at the right place, time, and price, using the right promotion techniques and utilizing the appropriate people to provide the customer service associated with those goods, services, or ideas.