Economics B A-Level
Business viability
What Business viability means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Business viability
Check what you remember
Read the wording for your board, then hide it and explain Business viability in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Whether a new product or service is worth pursuing, assessed by businesses using the break-even equation to set sales targets.
Topics that use Business viability
- The relationship between revenue and costs (Pearson Edexcel A-Level)
Related terms
- Break-even analysis
- Break-even output
- Break-even point
- Contribution per unit
- Economies of scale
- Financial risk
- Fixed costs
- Margin of safety
Using Business viability 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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