Year 13 11/01/22 Business Exam revision

Question 1

How do you answer a 1 mark IDENTIFY question?

Answer 1

List or Name (no need for full sentences)

Question 2

How do you answer a 2 mark EXPLAIN question? e.g. explain 2 consequences of failing to meet health and safety regulations

Answer 2

1 mark for identifying and 1 mark for reason/purpose with CONTEXT regarding the question

Question 3

How do you answer a 3 mark ANALYSE question? e.g. analyse two possible impacts on missing deadlines

Answer 3

Identify/consequence//impact

Analyse - discuss pros and cons, give reasonable comment

Question 4

How do you answer a 12 mark EVALUATE question?

Answer 4

Evaluate - make a qualitative judgment taking into account different factors and using available knowledge/experience/evidence
11-12 = detailed contextual judgement

Question 5

Pros and cons of online payment methods?

Answer 5

Increased speed and convenience, you can pay for products at anytime and place

Increased sales as the use of cash decreases over time, they are not going to be able to have it in hand

Online payment has measures in place to protect the payment, it is still vulnerable to hacks such as fraudsters and without biometrics or other superior identity verification people may not want to use it.

It increases business costs as now they have to protect customers financial information and also requires a lot of capital to set up a well protected e-payment system.