Part 1[3]
Explain one way in which the price elasticity of demand figures might be useful to TT.
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: “Naming one use of PED figures (for example, predicting the effect of price changes, forecasting revenue/profit changes, guiding pricing decisions, or planning promotions).” …
- Full mark scheme, point by point
- Step-by-step worked solution
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