← Business Studies / 1 Business and Its Environment
1.2 Methods of Price Determination
Business Studies · Grade 11 · 11 lessons in the design
Key questions
“Why is price determination of a product important?”
“How is the price of a product determined?”
Lessons
The titles are open to everyone. Reading a lesson needs an account — sign in or create one.
-
Demand
40 min · 1 practice tasks · quizExplain the meaning and law of demand.
-
Factors influencing demand
40 min · 1 practice tasks · quizExplore the factors that influence demand for a product.
-
Supply
40 min · 1 practice tasks · quizExplain the meaning and law of supply.
-
Factors influencing supply
40 min · 1 practice tasks · quizExplore the factors that influence supply of a product.
-
Demand and supply schedules
40 min · 1 practice tasks · quizDraw demand and supply schedules.
-
Demand and supply curves
40 min · 1 practice tasks · quizDraw and interpret demand and supply curves.
-
Market equilibrium
40 min · 1 practice tasks · quizDetermine the equilibrium price and quantity.
-
Movement along and shift in demand
40 min · 1 practice tasks · quizDistinguish a movement along the demand curve from a shift of the curve.
-
Movement along and shift in supply
40 min · 1 practice tasks · quizDistinguish a movement along the supply curve from a shift of the curve.
-
Other methods of price determination
40 min · 1 practice tasks · quizDescribe other methods of determining the price of a product.
-
Review of price determination
40 min · 1 practice tasks · quizReview demand, supply, equilibrium and pricing methods.