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WalesBusinessQuick questions

Business Functions (AS Unit 2)

Quick questions on Marketing and the marketing mix - WJEC A-Level Business

4short 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 the product life cycle?
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Most products pass through a life cycle of four stages:
What is the Boston Matrix?
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The Boston Matrix plots each product by its market share and its market growth to manage the whole portfolio:
What is q1?
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State the four elements of the marketing mix. [2 marks]
What is q2?
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Explain one extension strategy a business could use to prolong a product's life. [3 marks]

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