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"
FOUNDATION LEVEL• 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)
These GCSE Economics revision notes have been kindly provided by Peter Davies of Mill Hill School, Ripley Keep Up-todate with your GCSE Economics - Subscribe Free to Economics in the News by Email
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