Cost structure refers to the relative proportion of
A) selling expenses versus administrative expenses.
B) selling and administrative expenses versus cost of goods sold.
C) contribution margin versus sales.
D) none of the above.

Question

Quizplus · Accepted Answer

Cost structure refers to the types and relative proportions of fixed and variable costs that a business incures. None of the options A, B, or C accurately describe this concept, as they focus on specific expense categories or ratios rather than the overall composition of costs.

Cost Structure Refers to the Relative Proportion of