Product,price and place

Beschreibung

GCSE Business studies Quiz am Product,price and place, erstellt von Amber Griffiths am 26/04/2016.
Amber Griffiths
Quiz von Amber Griffiths, aktualisiert more than 1 year ago
Amber Griffiths
Erstellt von Amber Griffiths vor etwa 8 Jahre
15
1

Zusammenfassung der Ressource

Frage 1

Frage
Why does a business create a unique selling point for a product?
Antworten
  • To make it look nicer
  • To make it worth a higher price
  • To gain a competitive advantage

Frage 2

Frage
What happens to a product when it reaches the maturity stage of the product life cycle?
Antworten
  • Sales revenue grows over time
  • Sales revenue is constant over time
  • Sales revenue declines over time

Frage 3

Frage
What is the main business use of an extension strategy?
Antworten
  • To launch a product
  • To brand a product
  • To increase sales of a product

Frage 4

Frage
The best place to sell a product is
Antworten
  • street corner
  • shop
  • garage

Frage 5

Frage
Which of the following best describes 'price'?
Antworten
  • The cost of selling items
  • The amount customers are charged for items
  • The revenue earned from selling items

Frage 6

Frage
When is price skimming used?
Antworten
  • To gain market share
  • To make as large a profit as possible
  • To cover costs and breakeven

Frage 7

Frage
What is the best pricing method for a well known firm selling a new hi-tech, high quality mobile phone model most likely to be?
Antworten
  • Penetration pricing
  • Price skimming
  • Cost plus pricing

Frage 8

Frage
In the marketing mix, what does the term 'place' refer to?
Antworten
  • Retail outlets such as shops
  • Online shops
  • Anywhere products are made available to customers

Frage 9

Frage
Which of the following most accurately describes promotion activity?
Antworten
  • Using advertising to sell products
  • Using advertising and other methods to sell products
  • Products being made available to customers

Frage 10

Frage
Which of the following is NOT part of the promotional mix?
Antworten
  • Advertising
  • Personal selling
  • Price
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