AQA A LEVEL BUSINESS 7132 3 FINAL ASSESSMENT SCRIPT 2026 QUESTIONS AND ANSWERS GRADED A+ VERIFIED SOLUTIONS PACK

AQA A LEVEL BUSINESS 7132 3 FINAL
ASSESSMENT SCRIPT 2026 QUESTIONS AND
ANSWERS GRADED A+ VERIFIED
SOLUTIONS PACK

●● PED.
Answer: % Change in quantity demanded / % Change in price


●● YED.
Answer: % Change in quantity demanded / % Change in income


●● Necessity Goods.
Answer: Demand increase proportionally less than income


●● Product life cycle.
Answer: Theory that sales of all products follow a similar pattern over
time - development, introduction, growth, maturity and decline


●● Brand.
Answer: A name, sign, symbol, slogan that is recognizable
Builds customer loyalty to brand

, ●● Socio Economic Status.
Answer: Segmentation method using income


●● Market targeting.
Answer: Deciding which part of the population to target


●● Market positioning.
Answer: Where a product stands in relation to competitors


●● Sales volume.
Answer: Number of items sold in a certain time period


●● Sales value.
Answer: Volume sold x Selling price


●● Primary market research.
Answer: research collected first-handed by the business itself, e.g.
surveys
+ Reliable, valid and up to date
- Expensive, difficulties in making analysis


●● Quantitative.