Definitions

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..... during the referred period ; (c) Cost as used in Regulation 3 and its derivation may have reference to : i. total cost means the actual cost of production including items, such as cost of material consumed, direct wages and salaries, direct expenses, work overheads, quality control cost, research and development cost, packaging cost, finance and administrative overheads attributable to the product .....

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..... sold or provided, as the case may be; (d) Commission means the Competition Commission of India established under sub-section (1) of section 7 of the Act; (e) product means the goods or services, as the case may be, as defined in the Act; (f) marginal cost is the change in total cost that arises when the quantity produced changes by one unit. (2) Words and expressions used but not defined in these .....

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