A01-3 marks
Award 1 mark for an advantage for a country being in a trading bloc, plus 2 further marks for explaining the advantage, for a maximum of 3 marks.
- Businesses within a country can trade with no tariff barriers (1) This means that there will be no additional costs involved (1) therefore prices could be lower (1)
- It gives a wider choice of goods for consumers (1) as the goods move freely with no trade restrictions (1) from one country to another country (1)
NB No marks are awarded for a definition.
Answers that list three advantages why a business is in a trading bloc, with no explanation will get a maximum of 1 mark
Accept any other appropriate response.
(3)
Question
Number
Option 1: competition pricing
Option 2: promotional pricing.
Justify which one of these two options Premier Inn should choose.
Indicative content
Mark