pivots and parallel shifts
What pivots and parallel shifts means in Business A-Level, as defined for AQA.
Definition of pivots and parallel shifts
Check what you remember
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Reference: AQA
A price change pivots the total revenue line upward from the origin so that it becomes steeper, while a rise in fixed costs shifts total cost upward in parallel without changing its slope.
Topics that use pivots and parallel shifts
- Analysing financial performance (AQA A-Level)
Related terms
- break-even output
- cash flow forecast
- contribution per unit
- contribution squeeze
- credit terms
- data reliability
- forecast risk
- gross profit margin
Using pivots and parallel shifts in the exam
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