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....ns total variable cost divided by total output 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 c....

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....ket value" means the consideration which the customer pays or agrees to pay for a product which is sold or provided or can be 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) '....