This quiz is about a case study of a young boy wanting to start his own t-shirt business.
Before he starts, it’s sensible to find out what people will be prepared to pay for a new product.
• He needs to know that the selling price needs to cover costs and provide a profit.
• The more he produces, the lower the fixed costs per unit will be.
There are 2 quizzes in this series. See if you can answer the questions about this t-shirt business and help this young boy out! Good luck!