gcse economics - firms - past exam questions

This page highlights recent exam questions that have been asked about topics covered in our group of revision notes on "firms"

• P& O and Stena are 2 ferry operators who proposed to combine (merge) on the Dover-Calais route.
a) Why do you think P&O and Stena proposed to combine (merge) on the Dover-Calais route? (5)
b) What might be the likely effects of P&O and Stena working together? (6)

(AND HIGHER )

• In which sector of the economy would you place retailing? (1)
• The takeover of Safeway by Tesco would be an example of what type of integration? (1)
• Why do you think that Tesco might want to take over Safeway. Explain your answer. (6)
• What do you think might be the effects of the take over on the following groups:
1) consumers (6)
2) employees (4)
3) competitors (4)

HIGHER LEVEL

• Explain the methods manufacturing firms could use to increase their competitiveness. (8)

• What benefits might the consumer gain from a market being competitive? (4)

• How might a large furniture retailer react to each of the following situations. Explain your answer fully in each case.
a) an increase in wage costs
b) a fall in sales (6)

• If one firm came to dominate the market why might this be :
1) disadvantageous to the consumer
2) beneficial to the firm (10)