Qualification > Commerce

Economics "Analysis and Critical Evalutaion"

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ni:

--- Quote from: nitcomp on May 29, 2009, 06:42:50 am ---thought it could help.
eco revision guide..

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+rep (:

aquarian93:

--- Quote from: Coco on May 29, 2009, 03:20:46 pm ---Welll Firms will be big or small depending on the size of the market for their product.
If firms tend to provide specialised services small firms are ideal due to their ability to respond quickly to one's needs and thus the industry size will be an important factor too.

Financial factors in terms of how much money a business can raise will determine the sizee too.
Is this question from the june 2008 examination?

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thank you :) yea it is, or even in the nov 2008 one, i forgot :)  bt yea had trouble answering it, thanks :)
+REP

aquarian93:

--- Quote from: IG_ICE09 on May 29, 2009, 03:45:06 pm ---hey aquarian93
i meant that they hav questions asking u to suggest *additional* information u would need to know to support a conclusion given in the passage - try to study past papers' mark schemes to find out *how* to answer these questions, for example make sure you DO NOT list points, u'll only score half the marks even if points r correct, and a conclusion is usually worth 2-3 points.

oh and to the "size of firm" you can add -
1) Age of firm
2) Type of firm (joint stock, sole trader, etc)
3) Whether or not owners decide to experience economies of scale
4) availability of capital

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thank you :) and i yea i saw the question ur toking abt in the past papers, wat other info do u need to be able to come to a conclusion, its kinda confusing to answer :(
anyway, thanks :) +REP

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