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Pearson Edexcel A-Level Business Advanced Level UNIT 4: Global business January 2024 Authentic Marking Scheme Attached

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Pearson Edexcel A-Level Business Advanced Level UNIT 4: Global business January 2024 Authentic Marking Scheme Attached

Institution
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Pearson Edexcel International Advanced Level
Wednesday 17 January 2024
Afternoon (Time: 2 hours) Paper
reference WBS14/01
Business  


International Advanced Level
UNIT 4: Global business

You must have: Total Marks
Source Booklet (enclosed)



Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer ALL questions in Sections A, B and C.
Answer the questions in the spaces provided
– there may be more space than you need.

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•• The total mark for this paper is 80.
The marks for each question are shown in brackets
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Turn over


P73480A
©2024 Pearson Education Ltd. *P73480A0116*
S:1/1/1/

, SECTION A
Read Extracts A, B, C and D in the Source Booklet before answering Question 1.




DO NOT WRITE IN THIS AREA
Write your answers in the spaces provided.
1 (a) Using the data in Extract A, calculate the price elasticity of demand (PED) for
Reckitt Benckiser’s products following the price change in 2022. You are advised to
show your working.
(4)

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DO NOT WRITE IN THIS AREA
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DO NOT WRITE IN THIS AREA




2
*P73480A0216* 

, (b) Construct a supply and demand diagram to show the impact on the market for
Reckitt Benckiser’s products as consumers now have less available income to
spend on health, hygiene and nutrition products.
DO NOT WRITE IN THIS AREA




(4)

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DO NOT WRITE IN THIS AREA




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DO NOT WRITE IN THIS AREA




3
 *P73480A0316* Turn over

, (c) Discuss the benefits for a global business that come from extending the product
life cycle of its products by entering a new overseas market.
(8)




DO NOT WRITE IN THIS AREA
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DO NOT WRITE IN THIS AREA
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4
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