Flashcards
FLASH CARDS 12-02-2019
Cards in this deck (4)
- 1Do variable costs change due to output?Variable costs do not always change in proportion to output
- 2What is skimmingSkimming is when the business brings out a new, unique product, which is the early market leader
- 3What is pricing?It is when a low price is set in the hope of gaining a high market share.
- 4What 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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- GCSE Business Studies Flashcards on FLASH CARDS 12-02-2019, created by Christina Situ on 12/02/2019.
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- Christina Situ
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