Slide 1Chapter 13 Pricing concepts Slide 2 Learning objectives 1Discuss the importance of pricing decisions to the economy and to the individual organisation 2List and explain…

Slide 1Pricing Concepts Setting the Right Price Slide 2 The Importance of Price To the consumer... Price is the cost of something In the broadest sense, price allocates resources…

Slide 11 Pricing Concepts & Setting the Right Price Slide 2 2 The Importance of Price to Marketing Managers Revenue Profit The price charged to customers multiplied by…

1.  The Concept of Production Transforming Inputs into Outputs Categories of Production Activities Production Functions Analysis of the Production Process…

1. 1 2. Production refers to the transformation of resources into outputs of goods and servicesFOR INSTANCE : General motors (G.M.) hires workers who use machinery infactories…

The multiplier-accelerator model Initial points The model is a synthesis of the Kahn-Keynes multiplier and the “accelerator” theory of investment1. The accelerator model…

Slide 1 Chapter 8 Cost McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All Rights Reserved. Slide 2 Main Topics Types of cost What do economic costs…

Slide 1 Cost Behavior Management Accounting: The Cornerstone for Business Decisions Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved.…

Slide 1 Chapter 4 Review Supply Slide 2 Question 1: / T/F : A change in price is always a movement along the curve. Slide 3 Question 2: / _______________ is the amount of…

IGCSE Economics IGCSE Economics 4.2 Costs of Production 1 Learning Outcomes Define total and average cost, fixed and variable cost and perform simple calculations And some…