Business GCSE
Business costs and pricing
What Business costs and pricing means in Business GCSE, as defined for AQA.
Definition of Business costs and pricing
Check what you remember
Read the wording for your board, then hide it and explain Business costs and pricing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Paying the legal rate raises costs, especially for labour-intensive firms, so a business may raise prices, cut hours or invest in labour-saving equipment.
Topics that use Business costs and pricing
- Legislation (AQA GCSE)
Related terms
- Business costs
- Consequences of failure
- Cost control and productivity
- Costs and benefits of compliance
- Discrimination
- Employee and stakeholder protection
- Employee motivation and retention
- Employment law
Using Business costs and pricing in the exam
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