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WorksheetsEdexcel GCSE Business 2.2.2 Marketing Mix: Price
Total questions: 8
Worksheet time: 4mins
The amount of product sold is known as
profit
sales revenue
sales volume
variable costs
Businesses can increase sales volume by
raising the price
cutting the price
Which of the following is an example of a low margin, high volume retailer?
What is the maximum you would spend on a drink in a cafe?
less than £2- Its mostly hot water
£2-£3
£4
£5+
What are the features of a mass market?
High levels of competition
High prices
Low prices
High levels of consumption
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 (a) market
Businesses in a niche market are likely to have
Low profit margins
High profit margins
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
