Practise financial-document questions by linking accounts evidence to performance comparisons, loan decisions and product or route choices.
In 1985 Emirates started its airline business with just two aircraft. It is now a well-known airline with over 265 aircraft flying to over 180 destinations around the world.
Emirates has won many awards for service and reliability. Until 2016 passengers rated Emirates the leading airline to travel with. However, in 2017 its rating dropped from first to fourth.
Analyse the likely benefits to Emirates of using financial information when making business decisions.
AO2 = 3 marks AO3 = 3 marks
AO2
- Comparison of finances from different routes can be made from year to year. Emirates can make decisions on whether routes continue.
AO3
- Decisions can then be made whether to reduce costs or change certain strategies.
- The figures can also inform Emirates what action it might need to take in coming years.
Level
Mark
Descriptor
0
No rewardable material.
Level 1
1-2
- Limited application of knowledge and understanding of business concepts and issues to the business context. (AO2)
- Attempts to deconstruct business information and/or issues, finding limited connections between points. (AO3)
Level 2
3-4
- Sound application of knowledge and understanding of business concepts and issues to the business context although there may be some inconsistencies. (AO2)
- Deconstructs business information and/or issues, finding interconnected points with chains of reasoning, although there may be some logical inconsistencies. (AO3)
Level 3
5-6
- Detailed application of knowledge and understanding of business concepts and issues to the business context throughout. (AO2)
- Deconstructs business information and/or issues, finding detailed interconnected points with logical chains of reasoning. (AO3)