Business 7115 · O Level · Production of goods and services

Production of goods and services — practice question

(a)[8]

Explain two benefits and two drawbacks of using job production.

(b)[12]

Consider the advantages and disadvantages for PPE of using the three finance sources below to obtain new machinery. Which source should PPE choose? Justify your answer. • Crowd-funding • Bank loan • Leasing

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Made for individually designed products / specialised products or services - the customer's exact requirements will be satisfied” …

Full mark scheme, point by point
Step-by-step worked solution
Write your answer & get it marked instantly by AI