E-Spired Business 1

Which one of these is NOT a stage in the product life cycle

"Variable cost + Fixed cost" will work out

Key term: if you sell this number of products your total revenue & total costs will be the same

If you sell 20 products for £1.50 each, what is your revenue?

A group of customers that have similar characteristics (e.g. age, gender, income):

Secondary research is also known as

When a company attempts to improve the specification of a product, this is known as

Where you gather new data, that hasn’t been collected before

Which one of these is a benefit of primary research

Costs that stay the same regardless of how many products you make

"Selling price X Number sold" will work out

If your revenue is £30 and your total cost is £16.50, what is your profit?

Costs that change in line with how many products you make (i.e. raw materials and packaging)

Which one of these is NOT a fixed cost for Mr Kipling cakes?

Which law prevents another business from copying your name or logo

"Cost of making one unit X Number made" will work out

Which one of these is NOT a variable cost for Mr Kipling cakes?

During which stage of the product life cycle are sales at their highest

Which one of these is NOT a method of secondary research

Which one of these is a benefit of secondary research

This shows the level of sales of a product over time

Which one of these is NOT a method of primary research