Part 1[3]
Explain one advantage to SC of using price elasticity of demand when making pricing decisions.
Business 9609 · AS & A Level · The marketing mix
The marketing mix — practice question
Worked solution & mark scheme
This 3-mark question has a full step-by-step worked solution and mark scheme. One marking point: “A benefit explained in context, such as predicting the probable effect of a price alteration on demand and revenue, which supports better pricing choices.” …
- Full mark scheme, point by point
- Step-by-step worked solution
- Write your answer & get it marked instantly by AI