(a)[2]
Define opportunity cost.
(b)[3]
Explain one quality an entrepreneur needs for business success.
Business 9609 · AS & A Level · Costs
Costs — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Clear definition: the benefits forgone / costs faced when selecting between alternatives (opportunity cost).” …
- Full mark scheme, point by point
- Step-by-step worked solution
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