Business GCSE
Impact on revenue, costs and profit
What Impact on revenue, costs and profit means in Business GCSE, as defined for AQA.
Definition of Impact on revenue, costs and profit
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Reference: AQA
The effect of a price cut in which profit per unit falls, so the extra volume must cover the lower margin, and total revenue and total costs must both be considered.
Topics that use Impact on revenue, costs and profit
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Using Impact on revenue, costs and profit in the exam
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