Business Paper 2 2024/2025 Exam
Comprehensive Questions and Verified
Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
Name an internal source of finance - 🧠 ANSWER ✔✔Selling Assets
Give one advantage of using retained profit as a way of financing business
growth - 🧠 ANSWER ✔✔Cheaper since no interest has to be paid
Outline one method a business might use to increase its profit (3 marks) - 🧠
ANSWER ✔✔Profits could be increased by cutting costs, for example
cutting the number of workers. If revenue stays the same profits will rise.
Explain one disadvantage to the business of borrowing money from a bank.
(3 marks) - 🧠 ANSWER ✔✔Borrowing money from a bank means the
business will have to pay interest. This will increase the costs of the
business, reducing its profits. The effect will depend on how much is
borrowed and how high interest rates are.
Amazon is an on-line retailer.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
, Which one of the following elements of the marketing mix does this
represent? - 🧠 ANSWER ✔✔Place
Identify two methods Amazon might use to differentiate its service from its
rivals. - 🧠 ANSWER ✔✔-Faster delivery speed
-Giving the product a USP
Describe why developing a well known brand is important to the success of
a business such as Amazon. (3 marks) - 🧠 ANSWER ✔✔-Branding gives
Amazon a clearer identity and personality. This will make the firm stand out
because the internet is very competitive which will increase sales.
Identify one method of collecting quantitative market research data - 🧠
ANSWER ✔✔Questionnaires/ Surveys
Explain how quantitative data might help a business to improve its
marketing mix (3 marks) - 🧠 ANSWER ✔✔Finding out about the amount of
sales a competitor makes will give the firm information about how well a
competitor is doing. This may cause the firm to increase the amount of
advertising it does to try and increase sales and customer loyalty.
Identify two possible extension strategies a chocolate manufacturer might
use. - 🧠 ANSWER ✔✔-Lowering prices
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
Comprehensive Questions and Verified
Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
Name an internal source of finance - 🧠 ANSWER ✔✔Selling Assets
Give one advantage of using retained profit as a way of financing business
growth - 🧠 ANSWER ✔✔Cheaper since no interest has to be paid
Outline one method a business might use to increase its profit (3 marks) - 🧠
ANSWER ✔✔Profits could be increased by cutting costs, for example
cutting the number of workers. If revenue stays the same profits will rise.
Explain one disadvantage to the business of borrowing money from a bank.
(3 marks) - 🧠 ANSWER ✔✔Borrowing money from a bank means the
business will have to pay interest. This will increase the costs of the
business, reducing its profits. The effect will depend on how much is
borrowed and how high interest rates are.
Amazon is an on-line retailer.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, Which one of the following elements of the marketing mix does this
represent? - 🧠 ANSWER ✔✔Place
Identify two methods Amazon might use to differentiate its service from its
rivals. - 🧠 ANSWER ✔✔-Faster delivery speed
-Giving the product a USP
Describe why developing a well known brand is important to the success of
a business such as Amazon. (3 marks) - 🧠 ANSWER ✔✔-Branding gives
Amazon a clearer identity and personality. This will make the firm stand out
because the internet is very competitive which will increase sales.
Identify one method of collecting quantitative market research data - 🧠
ANSWER ✔✔Questionnaires/ Surveys
Explain how quantitative data might help a business to improve its
marketing mix (3 marks) - 🧠 ANSWER ✔✔Finding out about the amount of
sales a competitor makes will give the firm information about how well a
competitor is doing. This may cause the firm to increase the amount of
advertising it does to try and increase sales and customer loyalty.
Identify two possible extension strategies a chocolate manufacturer might
use. - 🧠 ANSWER ✔✔-Lowering prices
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
