AS unit 1 Business Studies Questionnaire
- Created by: jacob
- Created on: 23-12-13 19:40
Other questions in this quiz
2. Define what is meant by Competitive Pricing
- this strategy uses a low price to enter the market & gain market share
- Some firms set their prices the same as their competitors
- This occurs when a firm sets out to destroy (or weaken) the competition through low prices
3. A cost that does change with output
- Overheads
- Fixed Cost
- Total Costs
- Variable Costs
4. A cost that change with the level of output
- Fixed Costs
- Overheads
- Variable Costs
- Expenditure
5. Which one of these is a price factor that would effect demand
- FTP's
- cost of substitutes
- how big it is
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