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7 (a) Give one element of the marketing mix - Edexcel - GCSE Business - Question 7 - 2021 - Paper 1

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7 (a) Give one element of the marketing mix. (1) Figure 6 shows the ASOS share price over time. (b) Using the information in Figure 6, identify the year when the ... show full transcript

Worked Solution & Example Answer:7 (a) Give one element of the marketing mix - Edexcel - GCSE Business - Question 7 - 2021 - Paper 1

Step 1

Give one element of the marketing mix.

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Answer

One element of the marketing mix is Promotion. This involves the various methods used by a business to communicate with its customers and inform them about products or services.

Step 2

Using the information in Figure 6, identify the year when the ASOS share price was higher than £70.

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Answer

The year when the ASOS share price was higher than £70 is 2018.

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