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What is a Cost Structure?

When a business manufactures a product or creates a service there will always be certain costs involved. The nature of these costs will depend on the exact product or service being offered. Cost structure refers to the way that all the different costs are distributed throughout the process of creating a good or service. It will include such things as paying for the resources needed to make the product and other costs such as labor and electricity. The money spent marketing and delivering the item will also be included in this too.

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