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FLASH CARDS 12-02-2019

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GCSE Business Studies Fichas sobre FLASH CARDS 12-02-2019, creado por Christina Situ el 12/02/2019.
Christina Situ
Fichas por Christina Situ, actualizado hace más de 1 año
Christina Situ
Creado por Christina Situ hace alrededor de 5 años
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Resumen del Recurso

Pregunta Respuesta
Do variable costs change due to output? Variable costs do not always change in proportion to output
What is skimming Skimming is when the business brings out a new, unique product, which is the early market leader
What is pricing? It is when a low price is set in the hope of gaining a high market share.
What is psychological pricing? When a price is set just below a significant whole number.( It is used to trick our mind into thinking the product is cheaper). e.g £9.95 rather than £10.00
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