Murphy Resources Exam Companion
Set 1 Paper 1 Mark scheme
Section A
01.1 – Answer C
01.2 – Answer D
01.3 – Answer D
01.4 – Answer A
01.5 – Answer B
01.6 – Answer B
01.7 - State one risk and one reward to an entrepreneur starting a business venture
Marks for this question: AO1 = 2
1 mark for each method identified up to 2 marks.
Possible answers
• Risks
o Financial
o Market
o Personal
• Rewards
o Financial
o Managerial
o Personal
01.8 – Explain the needs of one stakeholder
Marks for this question: AO1 = 2
1 mark for identifying a stakeholder and 1 marks for stating their needs.
Possible answers
• Customers – low prices, value, customer service
• Shareholders – return on shares, growth, some power
• Government – economic contribution, taxation, fair competition
• Local community – low pollution/noise, local investment, job creation
• Suppliers – contracts, good communication, repeat purchase, quick payment
• Owners – profitability, market growth, weak competition, salaries
• Employees – job stability, fair pay, good working conditions, benefits
© Murphy Resources 2017 Page | 1
Set 1 Paper 1 Mark scheme
Section A
01.1 – Answer C
01.2 – Answer D
01.3 – Answer D
01.4 – Answer A
01.5 – Answer B
01.6 – Answer B
01.7 - State one risk and one reward to an entrepreneur starting a business venture
Marks for this question: AO1 = 2
1 mark for each method identified up to 2 marks.
Possible answers
• Risks
o Financial
o Market
o Personal
• Rewards
o Financial
o Managerial
o Personal
01.8 – Explain the needs of one stakeholder
Marks for this question: AO1 = 2
1 mark for identifying a stakeholder and 1 marks for stating their needs.
Possible answers
• Customers – low prices, value, customer service
• Shareholders – return on shares, growth, some power
• Government – economic contribution, taxation, fair competition
• Local community – low pollution/noise, local investment, job creation
• Suppliers – contracts, good communication, repeat purchase, quick payment
• Owners – profitability, market growth, weak competition, salaries
• Employees – job stability, fair pay, good working conditions, benefits
© Murphy Resources 2017 Page | 1
