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Description
Flashcards by Sophia Lynch, updated more than 1 year ago
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Created by Sophia Lynch
almost 4 years ago
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| Question | Answer |
| What is not included in avoidable costs? | Fixed costs! |
| What are the benefits of making your own product as opposed to ordering it from someone else? (3) | 1. Employees keep their jobs 2. Utilising our capacity 3. Retain control over all aspects of production |
| Why is it a high risk situation when you charge customers different amounts? | You will want other customers wanting the same deal. |
| If CM > Op Cost = | Accept |
| If CM < Op Cost = | Reject |
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