Think of some activity observed in your everyday life where costs are involved. (It could, for example,
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Think of some activity observed in your everyday life where costs are involved. (It could, for example, be travelling on a bus, watching the sales assistant in a shop, or asking the television repair service to call.) Write down five costs which might be incurred in that activity. How would you decide which costs are direct and which are indirect?
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Lets consider the everyday activity of running a coffee shop Several costs are involved 1 Rent of the premises 2 Buying coffee beans and other ingredi...View the full answer
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