EdexcelA LevelPaper 1June 202210 marksTheme 3
Profit maximisation is assumed to be the business objective of most firms. With reference to Extract A, assess whether this is the case for coffee shop owners.
Business Objectives — Edexcel Past Paper Questions
3 questions on Business Objectives (Edexcel specification 3.2.1) from the A-Level Economics papers, 2017–2022. Every question links to the official mark scheme at the page its answer begins on.
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EdexcelA LevelPaper 1November 202110 marksTheme 1Theme 3
With reference to Extract C, assess whether Thomas Cook’s failure was caused by the principal-agent problem.
EdexcelA LevelPaper 1June 201725 marksTheme 3
‘Revenue maximisation is a more realistic business objective than profit maximisation for many businesses.’ To what extent do you agree with this statement? Refer to an industry of your choice in your answer.
One of two options in Section C — candidates answered this or the other.
No questions match that search.
Try a broader term — for example monopoly, inflation, exchange rates, externalities or 25 marks.
Related topics
- 3.1.1 Sizes and Types of Firms 3 questions
- 3.1.2 Business Growth 6 questions
- 3.3.1 Revenue 6 questions
- 3.3.2 Costs 7 questions
- 3.3.3 Economies of Scale 2 questions
- 3.3.4 Profits and Losses 6 questions
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