Statistical Terms

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Definition	Refers to all expenses spent for business activities over the past year. It is the sum of 'cost of sales' and 'selling and management expenses'.
Commentary	Selling expense includes any costs of products and services consumed during the production and sales processes. It refers to any costs incurred during the generation of sales revenues such as product purchase cost and material cost. Selling and operating expense include costs of sales activities, administration and maintenance such as wages, rent, public charges, taxes and depreciations.
Source	KOSTAT (Wholesale and Retail Trade Survey and other)