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No bullet points. Full sentences in paragrapgh form please. For each question 400 words max Question 1: (33 marks) Define merchandising? (15 marks) Elaborate with

No bullet points. Full sentences in paragrapgh form please. For each question 400 words max
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Question 1: (33 marks) Define merchandising? (15 marks) Elaborate with a real merchandising example conducted by a brand, shop, supermarket, producer etc... (18 marks) Question 2: (33 marks) Why is pricing important for small businesses? (13 marks) Explain 5 different pricing strategies for small businesses and give examples on each. (20 marks) Question 3: (34 marks) Describe all stages of the product life cycle. (16 marks) Give an example of a real company's behavior in one of the life cycle stages of your choice (18 marks)

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