AS unit 1 Business Studies Questionnaire

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  • Created by: jacob
  • Created on: 23-12-13 19:33

1. What is a margin of safety?

  • where sales can increase from their current level
  • the amount by which sales can fall from their current level before reaching the break-even point
  • A margin used to keep profit safe
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Other questions in this quiz

2. Which one of these is a price factor that would effect demand?

  • cost of substitutes
  • how big it is
  • FTP's

3. Which one of these is an example of a fixed cost?

  • Raw materials
  • Rent
  • electricity

4. Which one of these is a non-price factor that would effect demand?

  • cost of substitutes
  • Marketing
  • Cost of good itself

5. What is meant by Price Discrimination?

  • This occurs when different prices are charged for the same good or service
  • This occurs when different prices are charged for the same good or service
  • For example selling a product at £49.99 instead of £50 makes customers think of it as less than £50

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