which term describes the direct costs a business incurs to produce the goods or services it sells?\ncost of…

which term describes the direct costs a business incurs to produce the goods or services it sells?\ncost of goods sold\nopportunity cost\nfixed cost\nsunk cost

which term describes the direct costs a business incurs to produce the goods or services it sells?\ncost of goods sold\nopportunity cost\nfixed cost\nsunk cost

Answer

Brief Explanations:

Cost of goods sold represents direct costs of producing goods or services for sale. Opportunity cost is the value of the next - best alternative. Fixed cost is constant regardless of production level. Sunk cost is already incurred and unrecoverable.

Answer:

cost of goods sold