Business GCSE
Cost
What Cost means in Business GCSE, as defined for Pearson Edexcel.
Definition of Cost
Check what you remember
Read the wording for your board, then hide it and explain Cost in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The financial expense of manufacturing the product, which must be low enough to allow for a profitable selling price.
Topics that use Cost
- Product (Pearson Edexcel GCSE)
Related terms
Using Cost in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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