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Edexcel GCSE Business
2.2 Making marketing decisions
2.2.1 Product
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Which three elements form the design mix?
Function, aesthetics and cost
If a product performs its job well, which design mix element is being met?
The function element of design
Aesthetics refers to which aspect of a product?
How a product looks and feels
Which product would prioritise low cost over looks?
A budget supermarket brand
What does a product life cycle diagram normally plot?
Sales over time or stage
Which is the correct order of product life cycle stages?
Development, growth, maturity, decline
Why might sales be low at product introduction?
Because customers are unaware initially
What indicates the maturity stage of a product?
Sales reach their peak level
Which is a valid reason for keeping a declining product on sale?
It still makes a profit
Which is an example of a product extension strategy?
Introducing new variants
How does redesigning packaging help a product?
Makes it more attractive to buyers
What is differentiation in product strategy?
Offering something different from competitors
Which best describes a Unique Selling Point (USP)?
A feature competitors do not offer