1. OCR NATIONALS Exam Practice

2. On your sheets, match the correct definition to the key term.
Stakeholder
Salary
On your sheets, match the correct definition to the key term.
Recession
Supply Chain
Product Lifecycle
Marketing Mix
Shareholder
Fixed Costs
Limited Liability
Revenue

3. Salary Recession Product Lifecycle Stakeholder Limited Liability
Paid monthly but not based on the hours worked.
Salary
A downturn in sales and output throughout the economy, often leading to rising unemployment.
Recession
Shows how the sales from a product change over a period of time, from its launch to withdrawal.
Product Lifecycle
Somebody that has an interest in the company.
Stakeholder
Where responsibility for paying the debts of the business is limited to the business, and cannot be passed to the owners.
Limited Liability

4. Shareholder Supply Chain Marketing Mix Fixed Costs Revenue
A person who has invested in ownership of a limited company.
Shareholder
The sequence of processes involved in the production and distribution of a commodity.
Supply Chain
Selling the right product at the right price, in the right place at the right time.
Marketing Mix
Costs that are not directly linked to output.
Fixed Costs
Money generated by the business.
Revenue

5. Paid monthly but not based on the hours worked.
A person who has invested in ownership of a limited company.
A downturn in sales and output throughout the economy, often leading to rising unemployment.
The sequence of processes involved in the production and distribution of a commodity.
Shows how the sales from a product change over a period of time, from its launch to withdrawal.
Selling the right product at the right price, in the right place at the right time.
Somebody that has an interest in the company.
Costs that are not directly linked to output.
Where responsibility for paying the debts of the business is limited to the business, and cannot be passed to the owners.
Money generated by the business.

6. Exam Tips Read through the question carefully
Take your time: 60 marks, 60 minutes.
Don’t leave any question blank
Write in black ink
Check the instructions
Underline the key words

7. Your paper 1 Hour, 60 marks It is split into 4 sections. A B C D
As you get further into the paper, the questions are more challenging.

8. Section A You must read the question stems!
Will be linked to OWNERSHIP
Focus on KNOWLEDGE and CONTEXT
Explain One
Identify
Tick
Complete

9. Section B You must read the question stems!
Will be linked to OBJECTIVES
Focus on EXPLANATION AND ANALYSIS
Explain
Analyse
State and Explain
Analyse

10. Knowledge Questions These are usually found in Section A!
Usually worth 1 or 2 marks
You need to carefully read the question – these should be easy marks.
Your answer does not need to be in context – it is just recall of theory!

11. Practice Knowledge Questions

12. Explain Questions These are the most common questions!
Will usually be worth 3 marks
You need to link any statements being made….
‘because’, ‘as a result…’, ‘this means that…’
Your answer must be in context – refer to the case study business

13. Identify a benefit and develop an explanation – using an example in your writing.

14. Example

16. Practice Explain Questions