The fundamental rule of business is that the selling price must be:
A) At least the same as the cost
B) Higher than the cost
C) Lower than the cost
D) Whatever people are prepared to pay
Correct Answer:
Verified
Q2: Operational decision making is concerned with:
A) Health
Q3: Businesses need to make a profit in
Q4: The principal cause of business failure is:
A)
Q5: A vendor sells hotdogs for $5 and
Q6: The fixed costs of a swimming pool
Q7: A soccer match has an audience of
Q8: If a product costs $24 and can
Q9: If a budget does not balance, what
Q10: When actual financial performance is worse than
Q11: The majority of costs that sport facility
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