OCR GCSE Business Studies- Business & People Unofficial Mark Scheme

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harryswatton
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*This is a rough outline of the exam so some questions may be missed or out of place:

Q1.a)i) Give one advantage and one disadvantage of Gary operating as a sole trader.[4]
Advantages:
-Keep all of the profit
-Full control
-Don't have to publish accounts
Disadvantages:
-Has unlimited liability
-Long hours
-No continuity
Exemplar:
"Gary has unlimited liability, so his assets aren't protected from re-possession if the business goes bankrupt"
Q1ii) [Income Tax] [1]
Q1b)i) Give a reason why Gary may have chosen to become a private limited company.[1]
"Will gain limited liability"
"Easier to raise capital"
Q1b)ii) Give two reasons why becoming bigger will benefit the business [4]
-Will gain economies of scale
-More money to recruit specialist managers
Develop points
Q1.c)i) Assess which leadership style Gary should use. [6]
-Advantages of an autocratic leadership style:
-Quick decison making
-Employees aware of where they stand in terms of heirarchy
Develop points
Disadvantages of " " " ":
-Employees will feel undervalued thus de-motivated
-Business will miss out on new ideas
Offer an alternative leadership style (e.g democratic):
-Gives employees a voice, more motivated
-More opportunity for new ideas and decisions
Disadvantages:
-Slower decisions made
-Heirarchy may be overseen meaning miscommunication
(Allow for indicative content)
EVALUATE- Revert back to context
Q1.d) Chose location using fig.1 [5]
Location A:
-Cheaper
-Lower source of employment as low population
-Scarce area so demand likely low
Assess affect on a business of this context.
Location B:
-More expensive
-Richer source of employment
-Busier area so demand likely higher
EVALUATE
Q2a)i) Tick:[3]
Job Description
Person Specification
Job Description
a)ii) What recruitment method should be used?[2]
-Role play
-Demonstration
EXPLAIN what this will show the business
a)iii)Explain what is meant by 'continuity'[2]
When an owner dies, the business can still operate as they are a seperate legal entity to the business as the ]y have become incorporated
b)i)What are the likely benefits to conforming to legal recruitment laws? [3]
-Better reputation
-Cannot be sued if they do not break the law
Develop
bi) Asses the benefits of an employee being part of a trade union. [3]
-Strength in numbers
-Specialist advise
Develop
bii) How might the local residents' interests confilict with interests of shareholders.[2]
"Shareholders want profit, residents want less congestion, in order to reduce congestion, output will likely slow down resulting in higher costs and a lower profit." biii)Asses the benefits and limitations of new developments in technology.[4]
Advantage:
-Quick communication
Disadvantage:
-Technical difficulties
Develop
biv)Assess the advantages of lateral integration. [4]
-Eliminate competition
-Increase product range
Develop
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champ101
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