Business GCSE
Pricing methods
What Pricing methods means in Business GCSE, as defined for AQA.
Definition of Pricing methods
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Reference: AQA
Ways of setting a price, such as adding a mark-up to unit cost, matching competitors, setting a high or low initial price, using temporary reductions or using a loss leader.
Topics that use Pricing methods
Related terms
- Access to customers
- Adaptation and reaction
- Adaptation to change
- Advertising
- Balancing
- Batch Production
- Brand awareness
- Brand awareness and image
Using Pricing methods in the exam
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