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Quick questions on Pricing strategies - Eduqas A-Level Business

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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A product costs £25\pounds 25 to make and the firm wants a 40%40\% markup. Calculate the selling price. [2 marks]
What is q2?
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Explain one situation in which penetration pricing would be appropriate. [3 marks]

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