Competition And Markets Flashcards
1
Q
What’s an online product
A
Something that you buy on,ins and the product is a physical object
2
Q
What’s a digital product
A
Downloadable product that are obtained by a device.
3
Q
What’s market price?
A
No single price, it’s the price range in a market which consumers are prepared to pay for a single product
4
Q
What’s the revenue equivalent to?
A
Sales
5
Q
When does the financial year start?
A
April of that year
6
Q
What’s mark up?
A
The difference between the cost of producing a product and the price at which it is sold
