Costing and Pricing / Summaries, Notes / ID: 177300

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ID number:177300

Author: Ivy (3)

Evaluation:

Published: 02.12.2007.

Language: English

Level: College/University

Literature: 2 units

References: Not used

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Extract

Q1 What are the three factors which determine profitability?
1.price
2.volume
3.cost

Q2 What is meant by the expressions “price floor” and “price ceiling”?
Price ceiling is a government-imposed limit which says how high price can be charged on a product. If the price reaches price ceiling, it’s so high that probably nobody will buy the product.…

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Summaries, Notes

Business and Law

Business

Costing and Pricing