Question

What is a cost incurred in the process of producing or offering a primary business operation?
Expense
Input
Output
Price

Answer 1

Answer:

Expense

Explanation:

Expenses refer to the cost incurred in the production process or when selling goods and services. They are the cost of generating a company's normal revenue.

Expenses are classified into direct and indirect expenses. Direct expenses can be attached to a particular product or service, while indirect expenses are mostly operating costs such as rent, administrative salaries, and insurance.