QUESTION PAPER & MARKING SCHEME/ [MERGED] Mark scheme June 2023 AQA AS BUSINESS 7131/2 Paper 2 Business 2 Version: 1.0 Final *jun* IB/G/Jun23/E8 7131/2

AQA AS BUSINESS 7131/2 Paper 2 Business 2 Version: 1.0 Final *jun* IB/G/Jun23/E8 7131/2 For Examiner’s Use Question Mark 1 2 3 4 5 6 7 8 TOTAL Friday 26 May 2023 Afternoon Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert (enclosed) • a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write outside the box around each page or on blank pages. • If you need extra space for your answer(s), use the lined pages at the end of this book. Write the question number against your answer(s). • Do all rough work in this answer book. Cross through any work you do not want to be marked. Information • The maximum mark for this paper is 80. • The marks for questions are shown in brackets. Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature I declare this is my own work. AS BUSINESS Paper 2 Business 2 2 *02* IB/G/Jun23/7131/2 Do not write outside the Answer all questions. box Read the source in the Insert. 0 1 Figure 1: Global balloon market values $227 million $260 million $287 million The UK balloon market accounted for 25% of the global market in 2020 and 30% of the global market in 2022. Using Figure 1, calculate the percentage increase in the size of the UK balloon market between 2020 and 2022. Give your answer to two decimal places. [3 marks] Extra space 3 3 *03* Turn over ► IB/G/Jun23/7131/2 Do not write outside the 0 2 Figure 2: BB financial data for 3000 units box 3000 units sold Total revenue £105 000 Total fixed costs £5 700 Total variable costs £17 250 Using Figure 2, calculate the total contribution if BB only sells 1000 units. [3 marks] Extra space Turn over for the next question 3 4 *04* IB/G/Jun23/7131/2 Do not write outside the 0 3 The price elasticity of demand for BB’s products is –0.5. box Explain one benefit to BB of operating in the market with this price elasticity of demand value. [4 marks] Extra space 4 5 *05* Turn over ► IB/G/Jun23/7131/2 Do not write outside the 0 4 Analyse the impact on BB if it decides to outsource the c