QP- https://papers.gceguide.com/A Levels/Business (9609)/2021/9609_w21_qp_21.pdf

MS- https://papers.gceguide.com/A Levels/Business (9609)/2021/9609_w21_ms_21.pdf

QUESTION 1:

(a) (i) Define the term ‘buffer inventory’ (line 18). [2]

(ii) Explain the term ‘internal economies of scale’ (line 3). [3]

(b) (i) Calculate QF’s profit margin for 2020. [2]

(ii) Explain two ways QF could increase its profit margin. [4]

(c) Analyse two disadvantages to QF of holding a high level of inventory. [8]

(d) Recommend how QF’s management could improve the morale of its production employees. Justify your recommendation. [11]

QUESTION 2

(a) (i) Define the term ‘primary sector’ (line 1). [2]

(ii) Explain the term ‘market’ (line 19). [3]

(b) Using the information in Table 2.1, calculate the value of the: (i) opening balance (X) for 2022. [2] (ii) sales (Y) for 2026. [2]

(c) Explain one use of the cash flow forecast for TM. [2] (d) Analyse two methods of recruitment that TM’s Human Resources Director can use to recruit employees for the new mine. [8] (e) Evaluate possible conflicts between the aims of two of TM’s stakeholders. [11]