Wheeler: – “Advertising is any form of paid non-personal presentation of ideas, goods or services for the purpose of inducting people to buy.” What is any paid form of non-personal presentation and promotion of goods, or services by an identified sponsor called? A 1900 advertisement for Pears soap. Advertising isRead More →
When those raw materials are shipped to the place of business, even a home, the shipping costs count towards COGS. … The cost of shipping to the customer is also not included in COGS. What is not included in COGS? Importantly, COGS is based only on the costs that areRead More →
A good is nonrival in consumption if more than one person can consume the same unit of the good at the same time. A good is rival in consumption if the same unit of the good cannot be consumed by more than one person at the same time. What areRead More →
The Australian Customs Service (Customs) collects GST on taxable goods imported into Australia. The GST payable is 10% of the value of the imported product. The value of the product is the sum of,the customs value of the goods & any customs duty payable. How is import duty and GSTRead More →
A quasi-public good is a near-public good i.e. it has many but not all the characteristics of a public good. Quasi public goods are: Semi-non-rival: up to a point, extra consumers using a park, beach or road do not reduce the space available for others. What is a quasi product?Read More →