Edexcel GCSE Business 2.2.2 Marketing Mix: Price

Edexcel GCSE Business 2.2.2 Marketing Mix: Price

10th - 11th Grade

8 Qs

quiz-placeholder

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Edexcel GCSE Business 2.2.2 Marketing Mix: Price

Edexcel GCSE Business 2.2.2 Marketing Mix: Price

Assessment

Quiz

Business

10th - 11th Grade

Medium

Created by

Clare Foster

Used 52+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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The amount of product sold is known as

profit

sales revenue

sales volume

variable costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Businesses can increase sales volume by

raising the price

cutting the price

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a low margin, high volume retailer?

Media Image
Media Image
Media Image

4.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

What is the maximum you would spend on a drink in a cafe?

less than £2- Its mostly hot water

£2-£3

£4

£5+

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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What are the features of a mass market?

High levels of competition

High prices

Low prices

High levels of consumption

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

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A market which caters to a small number of customers with very specific tastes is able to charge higher prices for their products. This is known as a .......market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Businesses in a niche market are likely to have

Low profit margins

High profit margins

8.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Do you ever use price comparison apps or check prices on the internet before buying a product in a store?

Yes all the time

Sometimes

Never