1. Which of the following is more likely to be consistent with the aim of maximising profits:...

Question:

1. Which of the following is more likely to be consistent with the aim of maximising profits: pricing on the basis of (a) cost per unit plus a variable percentage mark-up; (b) cost per unit plus a fixed percentage mark-up.

2. Explain the differences in the importance attached to the different factors leading to price increases from those leading to price reductions.

3. Why, do you think, percentage price changes are bigger than the rate of inflation? 

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

Question Posted: