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Business

GCSE · Edexcel

QuestionsFlashcards

2.1 Growing the Business
2.2 Making Marketing Decisions
2.3 Making Operational Decisions
2.4 Making Financial Decisions
- Business Calculations
  6
- Understanding Business Performance
  8
2.5 Making Human Resource Decisions

3.1 The Exam Papers
- Paper 1: Investigating Small Business
  6
- Paper 2: Building a Business
  6
3.2 Business Exam Skills
3.3 Structuring Your Responses

Place Flashcards

All 6 cards in this deck

Which element of the marketing mix relates to the distribution of a product to the consumer?: Place.
What is a retailer?: A business that sells goods to the final consumer, usually from a physical shop.
What is an e-tailer?: A business that sells its products to consumers online (e-commerce) and delivers them to the customer.
Give two advantages to a business of selling through e-commerce rather than a physical shop.: Lower costs because no shop premises are needed, and a national or global market that can be reached 24 hours a day.
Give two drawbacks to a business of selling only as an e-tailer.: Customers cannot see or touch the goods first, and unreliable deliveries or limited warehouse capacity can damage the brand.
True or false? Place means only the physical shop in which a product is sold.: False. Place is how the product is distributed to the consumer, including online selling and delivery.