The technique adopted by firms of fixing a price for their products by adding a fixed percentage profit margin to the long run average cost of production
1 of 5
Profit Satisficing
Making sufficient profit to satisfy the demands of shareholders
2 of 5
N/A
N/A
3 of 5
N/A
N/A
4 of 5
N/A
N/A
5 of 5
Other cards in this set
Card 2
Front
Making sufficient profit to satisfy the demands of shareholders
Comments
No comments have yet been made