Which of the following is a typical benefit to the business of the growth stage of the product lifecycle?

Which of the following is not a stage of the product lifecycle?

Which of the following stage of the product lifecycle is shaded and labelled ‘X’ on the diagram?

Which of the following is a stage of the product lifecycle

The graph shows the sales revenue generated by a business. The figures for 2020 and 2021 are forecasts.

Which stage of the product lifecycle is the business at by the end of 2019?

What stage of the Product Life Cycle are the sales rapidly rising

At what stage is Galaxy chocolate on the product life cycle

At which stage of the Product Life Cycle are costs the highest?

Which type of market segmentation is this:

Using location factors, such as country or climate, to split a market up

Which type of market segmentation is this:

Recognising that male and female consumers behave differently

Which type of market segmentation is this:

Separating a market according to the demographic of how old consumers are

Which type of market segmentation is this:

Using what a consumer does for a living as an indicator of their behaviour

Which type of market segmentation is this:

This separates consumers according to how much money they earn

Which type of market segmentation is this:

This method is based upon the idea that people with similar hobbies and interests behave in a similar way

An individual who undertakes the risk associated with creating, organizing, and owning a business is?

A feature or quality that belongs to a person is defined as __________.

What is an entrepreneur?

ENTREPRENEURS LOOK FOR CHALLENGING OPPORTUNITIES THAT OTHERS MAY SHY AWAY FROM.

ENTREPRENEURS LOOK FOR CHALLENGING OPPORTUNITIES THAT OTHERS MAY SHY AWAY FROM.

Not afraid to do new things  is what characteristic?

Not giving up; keep trying is what characteristic?

Coming up with new ideas and looking at the world in a different way to others                                                                                                                        

Possessing the ability to read, write, and speaking in an understanding, accurate, and professional manner is what characteristic?

Risk-taking is:

Creativity is:

Believing in your ideas and getting others to believe you shows you are...

Not giving up; keep trying is what characteristic?

This is the characteristic to transform new ideas into reality

The process of turning an invention into a marketable  product

Which one of the following is NOT considered to be a cost?

The price at which goods or services are offered to their customers by a business is called:

Costs that do not change in the short term, regardless of output are called:

Fixed cost + variable cost =

Costs that change based on the amount of goods and services produced

Rent, administrative costs, advertising, employee salary are examples of:

Raw materials, packaging, labour costs, are examples of:

What is revenue?

Loss happens when

What does break even point show?

What the the two categories of research?

What are 3 types of primary research?

What is “A list of questions designed to gather information from people.”?

What is: “A small group of people brought together to give their views and discuss a given product or topic.”?

What are the 3 types of secondary research?

What is: "information that a business already holds"

What is: "data which the Office for National Statistics website publishes updates on a regular basis"

What type of finance is where you apply using forms from a bank to borrow money?

What type of finance is where you ask people you know or who you are close to for money?

What type of finance is where you ask people to become sponsors for a share of ownership of the company usually using an online site?

Which source of finance will mean you get the least amount of profit for yourself from the business

What is person who just works for themselves?

This type of business is a when you pay for the rights to use a famous brand's company name

An established business called the ___________ offers

for sale to other businesses or individuals the rights to sell its products/services.

Select TWO true statements that relate to a sole trader.

What are 3 of the benefits of being a sole trader?

Where can you get support from someone who might actually want to help you with no other motives?

Who might help you from a supportive manner but are unlikely to be easy to find?

Who are likely to help people that are from the local area?

who could give you business advice from their own experience?

Who has information on their website about taxes and the laws required when setting up a business?

Where can you get support from someone can put you in touch with other businesses in your sector?

Where can you get support from someone knows about legal issues?

Where can you get support from someone knows about money and taxes?

The Gap has created a new pop-up advertisement to introduce their new line of khakis.

Apple Computer decided to create and sell the new IPhone.

Janet owns two McDonald's restaurants and has decided to open another restaurant in a new mall.

When Nintendo Wii was introduced into the marketplace, the consumer cost for an X-Box was greatly reduced.

Paco's Pizza decided to sell its pizza and pasta through a website as well as in their current restaurant.

During the two weeks before Christmas, Target and Walmart both mailed flyers to advertise holiday sales.

Ford Motor Company decided to update the Mustang since sales in the 1960s had been so good.

At the end of the calendar year, the Honda dealer slashes the consumer cost of a new car to help reduce the amount of inventory.

J. C. Penney runs newspaper advertisements every weekend to help increase sales.

After many teens ran up large cell phone bills, most cell phone companies decided to offer pre-paid cell phone service plans.

Which of the following best describes Advertising?

Which of these is: A physical printed method containing information about the product or service which can be visually pleasing, portable and easy to distribute

What three factors should a business consider when coming up with a price?

where the price set is set similar what competitors are charging is known as:

Where setting prices in a way that is designed to influence customer’s perception in some way is known as:

Beginning with a high price when a product is in high demand, often because it is unique or there is limited competition is known as:

Begin with a low price for a short time often used for new products is known as:

What is the best pricing strategy for an own brand cereal?

What is the best pricing strategy for A new magazine series?

What is the best pricing strategy for A Playstation 5?

What is the best pricing strategy for A holiday to Spain?

Which pricing strategy is being used by a business which launches a new product with a low price to generate sales quickly?

Which of the following is an example of price skimming?

What are the 3 types of public relations?

What are two benefits of using a press release?

What are two drawbacks of using a press release?

What are tow benefits of using a celebrity endorsement for public relations?