Element/s of Cost of a product are:

The correct answer is D. Material, Labour and expenses.

The cost of a product is the sum of the costs of the materials, labor, and expenses incurred in producing the product.

• Materials are the physical components of the product, such as the raw materials used to make it.
• Labor is the cost of the workers who produce the product, including their wages and benefits.
• Expenses are the costs of running the business, such as rent, utilities, and marketing costs.

The cost of a product is an important factor in determining its price. The higher the cost of production, the higher the price of the product. However, the price of a product is also affected by other factors, such as the demand for the product and the competition in the market.