GCSE Business Studies Flashcards on Chapter 39: Price, created by 19leesia on 23/02/2016.
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Created by 19leesia
over 8 years ago
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Created by 19leesia
over 8 years ago
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demand
supply
Factors affecting price
Pricing Strategies
cost based pricing(cost-plus)
market oriented pricing
What are the types of Market-orientated pricing?
skimming/creaming
penetration pricing
psychological pricing
loss leaders
competition based pricing
destroyer/ predatory pricing
price elasticity of demand
Price inelastic demand(minority)
mark up
price elastic demand(majority)
