Chapter 6 - Decision Making Techniques Flashcards Preview

AAT Decision & Control L4 AQ2016 > Chapter 6 - Decision Making Techniques > Flashcards

Flashcards in Chapter 6 - Decision Making Techniques Deck (2)
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1

Limiting factors:

How to calculate contribution per unit??

Selling price

Minus

Variable costs

IGNORE FIXED COSTS

2

Limiting factors

What is opportunity costs

Concentrating on the products with the highest contribution to maximise profit