2024 Pearson Edexcel Level 1/Level 2 GCSE Business 1BS0/02 PAPER 2: Building a business. Question Paper & Marking Scheme Merged Pearson Edexcel Level 1/Level 2 GCSE (9–1) Wednesday 5 June 2024 reference 1BS0/02

2024 Pearson Edexcel Level 1/Level 2 GCSE Business 1BS0/02 PAPER 2: Building a business. Question Paper & Marking Scheme Merged Pearson Edexcel Level 1/Level 2 GCSE (9–1) Wednesday 5 June 2024 reference 1BS0/02 Afternoon (Time: 1 hour 45 minutes) Paper Business  PAPER 2: Building a 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. • There are three sections in this paper. Answer all the questions in the spaces provided • – there may be more space than you need. • Calculators may be used. You are advised to show all your working out with your answer clearly identified at the end of your solution. Information • The total mark for this paper is 90. • The marks for each question are shown in brackets – use this as a guide as to how much time to spend on each question. Advice • Read each question carefully before you start to answer it. • Try to answer every question. • Check your answers if you have time at the end. Turn over P75526A *P75526A0124* ©2024 Pearson Education Ltd. F:1/1/1/1/ SECTION A Answer ALL questions. Write your answers in the spaces provided. Some questions must be answered with a cross in a box . If you change your mind about an answer, put a line through the box and then mark your new answer with a cross . 1 (a) Which one of the following is an element of the design mix? (1) Select one answer. A Aesthetics B Extension C Packaging D Production (b) Which one of the following is the best definition of a trade bloc? (1) Select one answer. A A group of countries that trade freely between themselves B A problem involving suppliers not delivering raw materials C A tariff on exported goods and services D A tariff on imported goods and services DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA 2 *P75526A0224*  (c) Explain one reason why a business may increase its product range. DO NOT WRITE IN THIS AREA (3) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA (d) Explain one advantage to a business of using just in time (JIT) stock control. (3) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (Total for Question 1 = 8 marks) *P75526A0324* 3 Turn over  2 (a) Which two of the following documents would be sent to a business by a person when applying for a job? (2) Select two answers. A Application form B Curriculum vitae (CV) C Job description D Performance review E Person specification (b) Which two of the following are stages in the sales process? (2) Select two answers. A Customer engagement B Longer opening hours C Market data D Product knowledge E Product promotion Table 1 contains information about a machine that a business is considering purchasing. Total profit from the machine £500 000 Length of time the business will own the machine 5 years Cost of the machine £200 000 Table 1 (c) Using the information in Table 1, calculate the average rate of return for the machine. (2) ..............................................................% DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA 4 *P75526A0424*  (d) Explain one method a business could use to improve the quality of its products. (3) DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (e) Explain one disadvantage to a busines