Card 1 of 20
Why do costs set the minimum price a business can charge in the long run?
A
Prices below average unit cost lose money on every sale and eventually exhaust cash.
B
Prices below variable cost always lose money on every sale and eventually exhaust cash.
C
Prices below total cost lose money on every sale and eventually exhaust cash.
D
Prices below fixed cost lose money on every sale and eventually exhaust cash.
Card 1 of 20
5.4.2 Factors influencing pricing decisions Flashcards
20 flashcards on AQA GCSE Business 5.4.2 Factors influencing pricing decisions: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.