Business Studies · May / June 2017 · Paper 12 · Question 1
7115
As printed in the paper
The question as text
Cheung owns a small retail shop in the city centre selling fashion clothing for children. As it is a competitive market, Cheung knows market research is important. Cheung is worried about the effect of an increase in shop rent on his costs. Cheung said: ‘I will have to pay this higher rent as it is a good location. I need to increase revenue or reduce other costs.’ Cheung buys all his supplies from a wholesaler located in a nearby town. He is thinking of buying directly from a clothing manufacturer in another country.
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Show the answer and mark scheme
1(a)[2]
1(b)[2]
1(c)[4]
1(d)[6]
1(e)[6]
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