Economics B A-Level
Cost structures
What Cost structures means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Cost structures
Check what you remember
Read the wording for your board, then hide it and explain Cost structures in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Changed by the digital economy, which reduces the need for physical premises and lowers fixed costs, though variable costs like delivery and cybersecurity may rise.
Topics that use Cost structures
- How the digital economy affects markets and firms (Pearson Edexcel A-Level)
Related terms
- Creative destruction
- Digital skills
- Market competition
- Micromarketing
- Profit and loss
- Social media
- Viral marketing
- Wider geographical markets
Using Cost structures 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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