Daily Practice

GCSE Business

4th March 2022

5 questions · GCSE · 503 questions in this band

1
Product and the product life cycle
Name the four stages of the product life cycle in order.
2
Pricing strategies
A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
3
Promotion
What is the difference between above the line and below the line promotion?
4
Place and distribution
What is a direct distribution channel?
5
The Design Mix: Function, Aesthetics and Cost
True or false: the correct balance of the design mix is the same for every product.

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