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Curriculum Overview KS3
Subject:
Business Studies
Overview effective from[date
]:
September 2017
The factors that
influence pricing
decisions
To recognise the
factors, internal and
external, which might
influence the pricing
decision, particularly
as businesses grow
and expand.
To evaluate the factors
and use them to
assess the suitability
of pricing methods for
a given business.
Factors that
influence pricing
decisions include
costs, nature of the
market, degree of
competition and
the product life
cycle.
1
Use
fairtrade resources on the pricing of bananas
– includes
resources to consider the factors that influence the price of bananas.
Resource includes research tasks, videos etc.
Research – using the internet, students should research the price of a
product in three different stores and explain why there are differences.
Add additional factors that influence pricing decisions to the original list
made in the first pricing lesson.
Complete question 3c) 9 marks June 2014 or 2d) 9 marks June 2013.
BBC Bitesize recap quiz on pricing
To understand the
basic relationship
between price and
demand.
Students should
understand that as
prices rise demand
is likely to fall.
1
Starter –
read this article
– why would businesses offer this type of
scheme?
Students create a table for the number of times they would watch their
favourite football team or go to the cinema over a year (with a max of
30 times) at a range of different prices.
Students plot the data they have collected onto a diagram with price
and quantity on the two axes.
Students explain the link between price and quantity demanded.
In pairs students generate ideas of factors that might cause an
increase in demand other than price.
Teacher led discussion about why a business does not therefore
always charge a very low price.