A company's expenditure on raw materials is termed as_______?

Deepthinker581

4 years ago

Explicit costs are direct payments incurred by a firm in the course of running a business. These are costs actual and physical costs incurred by a firm. Examples of explicit costs include wages, lease payments, utilities, raw materials, and other direct costs.

Explicit cost is the answer

Iember_codes

3 years ago

Prime cost us not popularly used in economics, prime cost is used in the context of accounting. I AM an account student, trust me

ilovetharaaa

1 year ago

its explicit cost