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EDEXCEL A LEVEL BUSINESS: PAPER 3 (ADVANCED INFORMATION) EXAM QUESTIONS AND ANSWERS 100% CORRECT!
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    EDEXCEL A LEVEL BUSINESS: PAPER 3 (ADVANCED INFORMATION) EXAM QUESTIONS AND ANSWERS 100% CORRECT!

  • Cost Plus Pricing - ANSWER adding a percentage (the mark-up) to the costs of producing a product to get the price. Mark-Up - ANSWER The percentage added to unit cost that makes a profit for a business when setting the price Penetration Pricing - ANSWER setting a low initial price on a new product to appeal immediately to the mass market and get established in the market. Prices might be raised once established. Predatory Pricing - ANSWER selling a product below cost to drive competitors...
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