Daily Practice

GCSE Business

9th October 2023

5 questions · GCSE · 503 questions in this band

1
Product and the product life cycle
State one marketing mix change a business might make during the decline stage.
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 sponsorship, in a marketing context?
4
Place and distribution
Give one cost e-commerce can reduce for a small business compared with running physical stores.
5
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.

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