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1.4 Production, costs, revenue and profit

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Question 30

A rail operator runs trains on an intercity route that it shares with rival operators. The table shows the number of passenger journeys made on the route.

Last yearThis year
The operator720,000780,000
All operators on the route1,800,0002,400,000

Which objective do these figures show the operator has most clearly met?

[1]
A

Increasing market share

B

Survival

C

Sales growth

D

Maximising profit

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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