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    (Original post by Henna_24)
    When business that are in the same industry are at different stages of the production process and gave the example of coffee beans being extracted in Africa and Starbucks selling the final drink to the consumer
    You should get 2 marks for that, I'm not sure because i'm not the examiner but don't worry about it
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    (Original post by GianluigiBuffon)
    You should get 2 marks for that, I'm not sure because i'm not the examiner but don't worry about it
    Ok fingers crossed!!!
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    (Original post by Henna_24)
    When business that are in the same industry are at different stages of the production process and gave the example of coffee beans being extracted in Africa and Starbucks selling the final drink to the consumer
    that sounds good
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    (Original post by IGCSEKid)
    that sounds good
    Thanks! Hopefully it's enough!
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    what did you write for the benefit part?
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    (Original post by IGCSEKid)
    what did you write for the benefit part?
    For the benefits of vertical integration I just put that they have take over their suppliers so they can consistently produce high quality supplies that are guaranteed as and when they are needed, also they can take control over their distribution so they won't have to pay retailers to sell their products.
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    (Original post by IGCSEKid)
    what did you write for the benefit part?
    I can't remember, sorry!
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    (Original post by GianluigiBuffon)
    For the benefits of vertical integration I just put that they have take over their suppliers so they can consistently produce high quality supplies that are guaranteed as and when they are needed, also they can take control over their distribution so they won't have to pay retailers to sell their products.
    good answer!
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    (Original post by IGCSEKid)
    good answer!
    thanks! what did you write?
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    removes profit margins suppliers would demand, guaranteed source of supplier so the company cannot be held at ransom for higher prices at critical times also gives a competitive advantage as they can deny competing firms a supply chain.
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    (Original post by IGCSEKid)
    removes profit margins suppliers would demand, guaranteed source of supplier so the company cannot be held at ransom for higher prices at critical times also gives a competitive advantage as they can deny competing firms a supply chain.
    thats a killer answer! id give u 6 marks
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    haha thanks i thought it wasn't good but yours deserves top marks too!
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    I think I got 0 on the last question. I accidentally wrote about a plc to a franchise so I don't think I will get anything.
    Maybe I will get a mark for writing that public goods are intangible!

    Hopefully ill pull off an A
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    Whats a sole trader?
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    Why is business so hard?
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    (Original post by IGCSEKid)
    haha thanks i thought it wasn't good but yours deserves top marks too!
    NO
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    (Original post by 2kewl4skewl)
    I think I got 0 on the last question. I accidentally wrote about a plc to a franchise so I don't think I will get anything.
    Maybe I will get a mark for writing that public goods are intangible!

    Hopefully ill pull off an A
    It said sole traders and partnerships... why did you write about a PLC and franchises lmfao.
    A sole trader is one person who owns the business and has limited liability. A partnership is owned by 2-20 people and they also have limited liability. You could've said stuff like Anna should enter the partnership because she can share ideas with charlie which means their products will be more innovative and will more likely satisfy consumer needs. Disadvantage of a partnership is that they have to share profits and Anna might have put more hours into the work but they have to still share the profits equally which can be demotivating.
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    (Original post by GianluigiBuffon)
    It said sole traders and partnerships... why did you write about a PLC and franchises lmfao.
    A sole trader is one person who owns the business and has limited liability. A partnership is owned by 2-20 people and they also have limited liability. You could've said stuff like Anna should enter the partnership because she can share ideas with charlie which means their products will be more innovative and will more likely satisfy consumer needs. Disadvantage of a partnership is that they have to share profits and Anna might have put more hours into the work but they have to still share the profits equally which can be demotivating.
    But aren't franchisers the same as soul traders??? Maybe I have a chance with method marks though! High hopes!
    At least I know that vertical integration is taking over a competitor, so that's going to get me 7 marks!
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    (Original post by 2kewl4skewl)
    But aren't franchisers the same as soul traders??? Maybe I have a chance with method marks though! High hopes!
    At least I know that vertical integration is taking over a competitor, so that's going to get me 7 marks!
    WTF NO! Franchisors sell the right to use and sell their products to another business (franchisee) for a % of their revenue. Sole traders are different... Good luck man, got younger ******* pulling triggers bringing fame to they and be prosperous though we live dangerous. I'd give you full marks tbh just for creativity lmao
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    Im so gutted that needs and wants didn't come up. Its so obvious that needs make life more enjoyable and wants are really important for survival!
 
 
 
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