Business 0450 · IGCSE · Market research

Market research — practice question

(a)[8]

Explain four methods of primary market research Benjy could use to find out whether there is demand for BB’s services.

(b)[12]

Consider the three pricing methods Benjy could use for BB’s products. Which pricing method ought to be used? Justify your answer. • Cost-plus • Penetration • Skimming

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