GCSE BUSINESS: MAY 2025: BUSINESS 2:
OPERATIONS, FINANCE AND INFLUENCES
ON BUSINESS ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Why new business ideas come about?.
Answer: ● changes in technology● changes in what consumers want●
products and services becoming obsolete
◍ How new business ideas come about?.
Answer: ● original ideas ● adapting existing products/services/ideas.
◍ Reward on business activity.
Answer: Business success, profit, independence
◍ risk on business activity.
Answer: Business failure, financial loss, lack of security
◍ role of business enterprise and the purpose of business activity.
Answer: to produce goods and services,to meet customer needs to add value
- convenience,branding,quality,design ,usp
◍ the role of entrepreneurship.
Answer: an entrepreneur: organises resources, makes business decisions,
takes risks
◍ what are customer needs.
Answer: price, quality, choice, convenience
◍ The importance identifying and understanding customers.
Answer: generating salesbusiness survival
◍ What is the purpose of market research.
, Answer: ● to identify and understand customer needs● to identify gaps in
the market● to reduce risk● to inform business decisions.
◍ Methods of market research.
Answer: ● primary research: survey, questionnaire, focus
group,observation● secondary research: internet, market reports,
governmentreports.
◍ Use of data in market research.
Answer: • qualitative and quantitative data • the role of social media in
collecting market research data • the importance of the reliability of market
research data.
◍ How businesses use market segmentation to targetcustomers:.
Answer: ● identifying market segments: location, demographics, lifestyle,
income, age● market mapping to identify a gap in the market and the
competition.
◍ understanding the competitive environment.
Answer: ● strengths and weaknesses of competitors based on: price,quality,
location, product range andcustomer service● the impact of competition on
business decision making.
◍ what business aims and business objectives?.
Answer: ● financial aims and objectives: survival, profit, sales, market
share, financial security● non-financial aims and objectives: social
objectives, personal satisfaction, challenge, independenceand control.
◍ Why aims and objectives differ between businesses..
Answer: Aims and objectives differ between businesses as they won't have
the same overall goal eg: for start up business their aim might be to survive
1 year of the business. However a business that is running for 5 years their
aim might be to expand to different locations.
◍ The importance of cash to a business.
Answer: - pay suppliers, overheads and employees- prevent business failure
(insolvency)
OPERATIONS, FINANCE AND INFLUENCES
ON BUSINESS ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Why new business ideas come about?.
Answer: ● changes in technology● changes in what consumers want●
products and services becoming obsolete
◍ How new business ideas come about?.
Answer: ● original ideas ● adapting existing products/services/ideas.
◍ Reward on business activity.
Answer: Business success, profit, independence
◍ risk on business activity.
Answer: Business failure, financial loss, lack of security
◍ role of business enterprise and the purpose of business activity.
Answer: to produce goods and services,to meet customer needs to add value
- convenience,branding,quality,design ,usp
◍ the role of entrepreneurship.
Answer: an entrepreneur: organises resources, makes business decisions,
takes risks
◍ what are customer needs.
Answer: price, quality, choice, convenience
◍ The importance identifying and understanding customers.
Answer: generating salesbusiness survival
◍ What is the purpose of market research.
, Answer: ● to identify and understand customer needs● to identify gaps in
the market● to reduce risk● to inform business decisions.
◍ Methods of market research.
Answer: ● primary research: survey, questionnaire, focus
group,observation● secondary research: internet, market reports,
governmentreports.
◍ Use of data in market research.
Answer: • qualitative and quantitative data • the role of social media in
collecting market research data • the importance of the reliability of market
research data.
◍ How businesses use market segmentation to targetcustomers:.
Answer: ● identifying market segments: location, demographics, lifestyle,
income, age● market mapping to identify a gap in the market and the
competition.
◍ understanding the competitive environment.
Answer: ● strengths and weaknesses of competitors based on: price,quality,
location, product range andcustomer service● the impact of competition on
business decision making.
◍ what business aims and business objectives?.
Answer: ● financial aims and objectives: survival, profit, sales, market
share, financial security● non-financial aims and objectives: social
objectives, personal satisfaction, challenge, independenceand control.
◍ Why aims and objectives differ between businesses..
Answer: Aims and objectives differ between businesses as they won't have
the same overall goal eg: for start up business their aim might be to survive
1 year of the business. However a business that is running for 5 years their
aim might be to expand to different locations.
◍ The importance of cash to a business.
Answer: - pay suppliers, overheads and employees- prevent business failure
(insolvency)
