A-LevelEconomicsTheory of the FirmFeb/Mar 2018Paper 3 Q91 Mark
Company R manufactures steel. Company S produces ships. Company T operates oil tankers. Company V operates cruise liners. Which statement is correct? A If R takes over S, this is an example of forwards vertical integration. B If S takes over V, this is an example of backwards vertical integration. C If T takes over S, this is an example of diversification. D If V takes over S, this is an example of horizontal integration.
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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