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A level business year 12 mocks Questions and Answers Updated2026

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A level business year 12 mocks Questions and Answers Updated2026

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A level business year 12 mocks
Questions and Answers
Updated2026
WhatBisBmeantBbyBaBbusiness?B-
BAnswerBABbusinessBisBanBorganisationBinvolvedBinBprovidingBaBgoodBandBserviceBto
BcustomersBinBreturnBforBmoney



WhatBisBanBopportunityBcost?B-
BAnswerBTheBlossBofBpotentialBgainBfromBotherBalternativesBwhenBoneBalternativeBis
BchosenS



SourcesBofBstartBupBbusinessBadviceB-
BAnswerBGovernment,BbankBmanagers,BventureBcapitalists,Bfamily/friends,BbusinessBm
entors,BbusinessBorganisations



WhatBisBenterprise?B-
BAnswerBTheBactionBofBshowingBinitiativeBbyBtakingBaBriskBtoBsetBup,BinvestBinBandB
runBaBbusinessBopportunity



WhatBisBanBentrepreneur?B-
BAnswerBABpersonBwhoBspotsBanBopportunity,BshowsBinitiativeBandBaBwillingnessBtoB
takeBrisksBinBorderBtoBbenefitBfromBtheBpotentialBrewards



CharacteristicsBofBentrepreneursB-
BAnswerBvisionary,BhighBenergyBlevel,BneedBtoBachieve,Bself-
confidenceBandBoptimism,BtoleranceBforBfailure,Bcreativity,BtoleranceBforBambiguity,Bint
ernalBlocusBofBcontrol



WhatBisBaBstakeBholder?B-
BAnswerBSomeoneBorBgroupBofBpeopleBwhoBhaveBanBinterestBorBinfluenceBinBaBbusi
ness

,WhatBisBaBmarket?B-BAnswerBanBinstitutionBthatBbringsBtogetherBbuyersBandBsellers.



TypesBofBmarketB-BAnswerBGeographical,BelectronicBandBphysical



WhatBisBmarketBsize?B-
BAnswerBtheBtotalBvalueBofBaBmarketBinBtermsBofBvolumeBofBsales



WhatBisBmarketBshare?B-
BAnswerBtheBportionBofBaBmarketBcontrolledBbyBaBparticularBcompanyBorBproduct.



WhatBisBmarketBgrowth?B-
BAnswerBtheB%BchangeBinBtheBsizeBofBaBmarketBcomparedBtoBtheBpreviousByear



WhyBareBbusinessBplansBneeded?B-BAnswerB-BEssentialBtoBraiseBfinanceB

-BHelpsBshowBtheBbusinessBviabilityB

-BGivesBbusinessBaBclearBfocusB

-BYouBcanBevaluateBaBbusinessBplan



SectionsBofBaBbusinessBplanB-BAnswerB-BExecutiveBsummary

-BTargetBmarket

-BProduct/service

-BCompetitors

-BProtectingBbusinessBideas

-BManagementBteam

-BMarketing

-BWhatsBinvolvedBinBproduction

-BCashflow/forecast

-BRisks/opportunities

-BProjectionBofBcompany

, ProblemsBofBbusinessBplansB-BAnswerB-BCanBbeBexpensive

-BTimeBconsuming

-BNeedsBcertainBskillsBtoBcrate

-BMayBbecomeBoutBofBdateBquickly

-BCouldBbeBincorrectBasBbasedBonBforecasts



WhatBisBaBbusinessBplan?B-
BAnswerBABwrittenBdescriptionBofBtheBbusinessBideaBandBhowBitBwillBbeBcarriedBout,
BincludingBallBmajorBbusinessBactivities.



WhatBquestionsBshouldBaBbusinessBplanBAnswer?B-BAnswerB-
BWhenBwillBtheBbusinessBbreakBeven/makeBprofit?

-BWhatBareBtheBmanufacturingBcosts?

-BWhatBisBtheBproduct/serviceBandBhowBisBitBunique?

-BWhoBisBtheBtargetBmarket?



MainBpurposesBofBaBbusinessBplanB-BAnswerB-BIdentifyBproblemBareasB

-BSecureBexternalBfunding

-BProvideBexpectationsBofBwhatBcanBbeBachievedB

-BSetBtargetsBandBreviewBthemBagainstBprogress



WhatBisBmarketBresearch?B-
BAnswerBCollectionBandBanalysisBofBdataBandBinformationBtoBinformBaBbusinessBabou
tBitsBmarket



StartBupBmarketBresearchB-BAnswerB-BSmallBscaleB

-BPartBofBbusinessBplan

-BLimitedBbyBbudget

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Uploaded on
October 4, 2026
Number of pages
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Written in
2026/2027
Type
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Questions & answers
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