Which of the Following Is Not a Contributor to Cost

question 33

Multiple Choice

Which of the following is not a contributor to cost increases? 

• A) Materials prices. 
• B) Employee salary increases. 
• C) Employers' National Insurance contributions. 
• D) Customer warranties paid for by the customer.

Analyze the effect of price changes on the demand for goods and services.

Understand the concept of substitutes and complements in affecting demand.

Recognize the impact of income changes on the demand for normal and inferior goods.

Analyze the impact of price changes on related goods (substitutes and complements).

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Definitions:

Personally Liable

The responsibility of an individual to fulfill debt or obligations from their own assets, rather than those of a corporation or entity.

Gross Returns

The total return on an investment before any deductions are made for costs or fees.

Written Agreement

A formalized record of a contract or arrangement between parties, documented in written form.

Legal Pitfalls

Situations or actions that could potentially lead to legal issues or disputes due to non-compliance with laws, regulations, or standard practices.