AS unit 1 Business Studies Questionnaire

HideShow resource information
  • Created by: jacob
  • Created on: 23-12-13 19:33

1. What is meant by Cost-plus Pricing?

  • This is the method of pricing which considers the toal cost per unit and then adds on a percentage to arrive at a final price.
  • For example selling a product at £49.99 instead of £50 makes customers think of it as less than £50
1 of 20

Other questions in this quiz

2. What is meant by psychological Pricing?

  • For example selling a product at £49.99 instead of £50 makes customers think of it as less than £50
  • This is the method of pricing which considers the toal cost per unit and then adds on a percentage to arrive at a final price.
  • This occurs when different prices are charged for the same good or service

3. Which one of these is an example of a variable cost?

  • employees salary
  • Raw materials
  • Rent

4. Definition of want?

  • Something that you is essential
  • Something that is desired
  • Something that you need

5. What is meant by Price Discrimination?

  • This occurs when different prices are charged for the same good or service
  • For example selling a product at £49.99 instead of £50 makes customers think of it as less than £50
  • This occurs when different prices are charged for the same good or service

Comments

EmilyWearnee

I cant believe I found this just now for Clash of Clans: http://maxclashgems.com Now you will know why some clans are so strong! (bdesg)

Similar Business Studies resources:

See all Business Studies resources »See all Unit 1 resources »