3.2 - Sales Maximising Flashcards
1
Q
What is sales maximisation?
A
Highest possible output without incurring a loss
2
Q
Where is the sales maximising point?
A
AC=AR
3
Q
What is the sales max. point also known as?
A
Break Even point
Generates normal profit
Able to sustain long run survival
4
Q
Sales max. motive
A
Market share
Dissuade entry
