Economics B A-Level
Business costs
What Business costs means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Business costs
Check what you remember
Read the wording for your board, then hide it and explain Business costs in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Costs that employee protection regulations increase, such as wage bills or compliance costs.
Topics that use Business costs
- Business regulation (Pearson Edexcel A-Level)
Related terms
- Asymmetric information and market failure
- Consumer protection
- Consumer protection legislation and standards
- Franchising
- Market power
- Mergers and takeovers
- Natural monopoly
- Anti-competitive practices
Using Business costs 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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