Why do costs set the minimum price a business can charge in the long run?
Prices below average unit cost lose money on every sale and eventually exhaust cash.
It can usually charge a higher price while maintaining sales.
Flashcards for AQA GCSE Business 5.4.2 Factors influencing pricing decisions, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 20 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.
