Internal and external influences on pricing
What Internal and external influences on pricing means in Business GCSE, as defined for AQA.
Definition of Internal and external influences on pricing
Check what you remember
Read the wording for your board, then hide it and explain Internal and external influences on pricing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The factors, internal and external, which might influence the pricing decision, particularly as businesses grow and expand.
Topics that use Internal and external influences on pricing
Related terms
- Access to customers
- Adaptation and reaction
- Adaptation to change
- Advertising
- Balancing
- Batch Production
- Brand awareness
- Brand awareness and image
Using Internal and external influences on pricing in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge