What this topic covers
Marketing has 4 subtopics:
- Identifying and understanding customers
- Segmentation
- The purpose and methods of market research
- The elements of the marketing mix: price, product, promotion and place (4Ps)
GCSE AQA Business · Topic 5 of 6
Choose a subtopic. Marketing covers Identifying and understanding customers, Segmentation, The purpose and methods of market research, and The elements of the marketing mix: price, product, promotion and place (4Ps) in GCSE AQA Business. 14 lessons in 4 subtopics.
Revise Marketing for GCSE AQA Business, including Identifying and understanding customers, Segmentation, and The purpose and methods of market research.
14
Lessons
4
Subtopics
Marketing has 4 subtopics:
14 lessons, grouped by subtopic.
Go back to the full GCSE AQA Business topic list, or practise this topic with past-paper questions.
Marketing covers Identifying and understanding customers, Segmentation, The purpose and methods of market research, and The elements of the marketing mix: price, product, promotion and place (4Ps) in GCSE AQA Business. 14 lessons in 4 subtopics.
The Boston Matrix analyses a product portfolio using market share and market growth rate. The Product Differentiation, Life Cycle, and Portfolio (Part 2/2) notes cover this in full.
Market research is the process of gathering, recording and analysing data about customers, competitors and the wider market environment. The Purpose of Market Research notes cover this in full.
Price skimming is setting a high initial price for a new or innovative product, then gradually reducing it as the product matures and competition increases. The Pricing Strategies and Influencing Factors (Part 1/2) notes cover this in full.
User-generated content is content created by customers rather than the business, such as comments, shares and posts about a brand on social media. The Promotional Methods and Distribution Channels (Part 2/3) notes cover this in full.
Market segmentation is dividing a total market into distinct groups of consumers who share similar characteristics, needs or behaviours, so a business can target each group more effectively. The Understanding Market Segmentation notes cover this in full.
Advertising is a paid form of non-personal communication in which a business promotes its products or services through a chosen media channel to reach a target audience, such as a supermarket's television advert during peak evening viewing or a fashion brand's Instagram sponsored posts. The Promotional Methods and Distribution Channels (Part 1/3) notes cover this in full.
Penetration pricing is launching a product at a low price, often less than the market average, to win customers quickly and build market share, then gradually raising the price. The Pricing Strategies and Influencing Factors (Part 1/2) notes cover this in full.
A focus group is a qualitative research method in which a small group of people, typically 6 to 10, discuss a product, service, advertisement or idea in depth, guided by a facilitator. The Primary Market Research Methods notes cover this in full.