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Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
2.2.2 Price MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Mass market
Niche market
competitive
brand
Growth stage
quality
Maturity stage
Introduction stage
Decline stage
The pricing strategy that the business chooses may reflect the _______ of the product or service.
If a business charges high prices for its products, this may reduce its __________ advantage.
Identify the term: Unique and differentiated products which are sold for high or premium prices
Identify the term: Similar products sold in large quantities which have low prices to encourage sales
Identify the product life cycle stage: Small discounts on products may be given to encourage sales
Identify the product life cycle stage: Prices will remain high to take advantage of high sales levels and high profit margins
Identify the product life cycle stage: Prices are high to attract customers with high incomes to new tech products
Identify the product life cycle stage: Products will be heavily discounted to clear out old stock before withdrawal
The pricing strategy that a business uses may depend on the strength of the _________.