What is communication cost,Inventory cost,material handling cost,packaging cost ,management cost in retail buz

Question

Cost in retail business

Answer 1

Communication cost is the money spent on telephones,computers and the associated systems.

Inventory cost is the amount invested in the product,

Handling cost is the amount spent for labor to receive the product, store the product and retrieve it for shipping.

Packaging cost is the amount spent for getting it ready to ship.

Management cost is the amount spent that for salaries of people who are not directly related with the selling or handling the product