Daily Practice

GCSE Business

18th April 2019

5 questions · GCSE · 503 questions in this band

1
Pricing strategies
A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
2
Promotion
What is sponsorship, in a marketing context?
3
Place and distribution
Give one cost e-commerce can reduce for a small business compared with running physical stores.
4
The Design Mix: Function, Aesthetics and Cost
State one reason a business selling in a highly price-sensitive, budget market might deliberately limit a product's aesthetics.
5
Branding and Its Role in Marketing
What is brand loyalty?

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