100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
OCR BUSINESS H431-02 QP Oct21 £8.68   Add to cart

Exam (elaborations)

OCR BUSINESS H431-02 QP Oct21

 0 view  0 purchase
  • Module
  • Institution

OCR BUSINESS H431-02 QP Oct21

Preview 3 out of 16  pages

  • March 6, 2023
  • 16
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Oxford Cambridge and RSA

Wednesday 13 October 2021 – Morning
A Level Business
H431/02 The UK business environment
Time allowed: 2 hours

You must have:
* 8 9 6 1 3 0 0 4 6 9 *




• the Resource Booklet
You can use:
• a calculator




* H 4 3 1 0 2 *




Please write clearly in black ink. Do not write in the barcodes.

Centre number Candidate number


First name(s)

Last name


INSTRUCTIONS
• Use black ink.
• Write your answer to each question in the space provided. You can use extra paper if
you need to, but you must clearly show your candidate number, the centre number and
the question numbers.
• Use the Resource Booklet to answer the questions in Section B.
• Answer all the questions.

INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an
asterisk (*).
• This document has 16 pages.

ADVICE
• Read each question carefully before you start your answer.




© OCR 2021 [601/4675/8] OCR is an exempt Charity
DC (KN) 300241/2 Turn over

, 2
Section A

Answer all the questions.

1 State two features of an oligopoly.

1 .......................................................................................................................................................

2 .......................................................................................................................................................
[2]


2 A business wants to use appraisal to help measure workforce performance.

Explain two appraisal methods it may use.

1 .......................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

2 .......................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................
[4]


3 Explain two extension strategies a business may use to prevent a product entering the decline
stage of its product life cycle.

1 .......................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

2 .......................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................
[4]


© OCR 2021

, 3
4 A factory is able to produce 20 000 units of output per month. Earlier this year, the factory produced
the following levels of output.

Month Output
February 12 000
March 15 000
April 18 000


Calculate the average capacity utilisation over the three months. Show your workings.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

Answer = .......................................................... [2]


5 A business produces two types of coffee machine: the Grandé and the Lite. The following table
provides information about the production of these machines.

Grandé Lite
Output per month 5 000 20 000
Direct costs per unit £90 £70
Overheads per month £750 000


The business uses absorption costing, with overheads allocated based on the output per month.

Calculate the total monthly cost of output for the Grandé coffee machine. Show your workings.

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

..........................................................................................................................................................

Answer = .......................................................... [4]
© OCR 2021 Turn over

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Sophiamilestone. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.68. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77529 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£8.68
  • (0)
  Add to cart