Chapter 6 - Decision Making Techniques Flashcards

1
Q

Limiting factors:

How to calculate contribution per unit??

A

Selling price

Minus

Variable costs

IGNORE FIXED COSTS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Limiting factors

What is opportunity costs

A

Concentrating on the products with the highest contribution to maximise profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly