Business Key term theme 1 5.0 / 5 based on 3 ratings ? BusinessTheme 11A2/A-levelEdexcel Created by: JudyFCreated on: 22-01-18 09:11 7210631859 Across 1. Same proportional change in quantity demanded and income. x =1 (4, 6, 10) 2. Price change causes proportionately smaller change in quantity demanded. -1 (5, 9) 5. Inform customers and potential customers about the product or service. (9) 6. Where events are unpredictable. Caused by factors outside the control of the business. (11) 8. Small market with specific needs for specialised products or services. E.g. high quality chocolate. (5, 6) Down 2. Shows different stages that a product passes through. Development, Introduction, Growth, Maturity, Decline. (7, 4, 5) 3. Responsiveness to change. (10) 7. If the sample includes disproportionate number of people from a particular market segment. (4) 9. Situations where the outcomes are known and can be quantified. (4) 10. Product with significant market share in a fast growing market. (4)
Comments
No comments have yet been made