Documente Academic
Documente Profesional
Documente Cultură
(b)
Level 3
e.g. I think leasing would be the most suitable because it allows the vehicles to
be used at the same time as paying for them. Leasing is a sort of rent where an
amount of money is paid every month for the use of the vehicles. Willie does
not have to pay all the money now. It does mean that he never owns the
vehicles but he can change the old vehicles for new ones when they are no use
anymore. He can also buy the vehicles at the end of the lease period. This is
medium term finance and this would be suitable for vehicles, as they will be
used for a medium length of time.
Level 2
Level 1
1 mark
Total = 6 marks
The levels can be shown for different assessment objectives and at two different levels.
In the following question, marks are awarded for three of the four assessment
objectives and at two levels for each of them.
(c)
Identify and explain two possible reasons why Willie might want to expand the
business.
(6)
Content: Benefits of expansion explained possibly higher profits for owner, more
status and prestige for owner, lower average costs, can mean controls a larger share of
the market.
Level 2
Level 1
Knowledge
2 marks
Two reasons
Application
2 marks
Two reasons
applied to the
business
1 mark
One reason
1 mark
One reason
applied to this
business
Analysis
2 marks
Good discussion
of why the owner
of the business
wants to expand
1 mark
Limited
discussion of
reasons for
expansion