Question

When a car manufacturer spends money for things like nuts and bolts leather seats and tires what is that called a profit b costs of production c division of costs or d loss

Answer 1

Answer:

B. costs of production

Explanation:

Cost of production is a term used in business that describes the summation of the cost incurred by a production process to manufacture a particular amount of a commodity or deliver a service. This cost of production may comprise factors of production such as labor, raw materials, or consumable manufacturing supplies.

Hence, When a car manufacturer spends money on things like nuts and bolts leather seats and tires what is called COST OF PRODUCTION.