Business 9609 · AS & A Level · Costs

Costs — practice question

Part 1[3]

Explain one reason why VB should have accurate cost information.

Worked solution & mark scheme

This 3-mark question has a full step-by-step worked solution and mark scheme. One marking point: Knowledge: Accurate cost data is required to calculate profit or loss / determine prices / forecast cash flow / draw up budgets / assign resources / assess performance

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