2023 AQA AS BUSINESS 7131/2 Paper 2 Business 2 Question Paper & Mark scheme (Merged) June 2023 [VERIFIED]

2023 AQA AS BUSINESS 7131/2 Paper 2 Business 2 Question Paper & Mark scheme (Merged) June 2023 [VERIFIED] 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 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. For Examiner’s Use Question Mark 1 2 3 4 5 6 7 8 TOTAL Information • The maximum mark for this paper is 80. • The marks for questions are shown in brackets. 2 Answer all questions. Read the source in the Insert . 0 1 Figure 1: Global balloon market values 2020 2021 2022 $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 Do not write outside the box 3 *02* IB/G/Jun23/7131/2 3 0 2 Figure 2: BB financial data for 3000 units 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 Do not write outside the box 3 Turn over ► *03* IB/G/Jun23/7131/2 4 0 3 The price elasticity of demand for BB’s products is –0.5. Explain one benefit to BB of operating in the market with this price elasticity of demand value. [4 marks] Extra space Do not write outside the box 4 *04* IB/G/Jun23/7131/2