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2. What is meant by Predator Pricing

  • This occurs when a firm sets out to destroy (or weaken) the competition through low prices
  • This occurs when a firm sets out to destroy (or weaken) the competition through low prices
  • This is the method of pricing which considers the toal cost per unit and then adds on a percentage to arrive at a final price.

3. Which one of these is an example of a fixed ost

  • Rent
  • electricity
  • Raw materials

4. Which one of these is a benefit of the break-even analysis?

  • analysis does take into account economies of scale
  • this is a very easy way of showing how profit levels change with changes in output
  • analysis assumes that all output is sold

5. Which one of these is a motive for becoming an entrepreneur

  • Money
  • Woman
  • Cars
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