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1.4 Production, costs, revenue and profit

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Question 11

An audio-equipment hire business has two branches, each in a different region. Table 1 shows each branch's hires and the total hires in its regional market over two years.

BranchBranch's hires the year beforeBranch's hires last yearRegional market's hires the year beforeRegional market's hires last year
A8,00012,000100,000150,000
B6,0006,00075,00060,000

Using Table 1, state the business objective that is most consistent with each branch's results last year.

[2]
Markscheme

1.4 Production, costs, revenue and profit Questions

  1. GCSE
  2. /Economics
  3. /1.4 Production, costs, revenue and profit

138 exam-style questions on AQA GCSE Economics 1.4 Production, costs, revenue and profit, covering 1.4.1a Business objectives, 1.4.1b Types of costs and revenue, 1.4.1c Calculating profit, 1.4.1d Profit as an incentive to produce, 1.4.1e Moral and ethical considerations, 1.4.2a Production versus productivity, 1.4.2b Factors and benefits of productivity, 1.4.3a Economies of scale and business behaviour, 1.4.3b Types of economy of scale, and 1.4.3c Diseconomies of scale. Each one has a worked solution and a mark scheme showing where the marks go.

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