Spec 8132
Revise AQA GCSE Business 5.4.2 Factors influencing pricing decisions with the lessons, revision guides, flashcards, and answer marking.
The factors that influence pricing decisions, including: costs • nature of the market • degree of competition • product life cycle. • Students should be able to recognise the factors, internal and external, which might influence the pricing decision, particularly as businesses grow and expand. • Students should have an understanding of the basic relationship between price and demand ie as prices rise demand is likely to fall.
