Edexcel A-Level Business – Paper 1 November 2021
Bundle | Exam Paper, Mark Scheme & Report
Description: Full set for Paper 1 (Nov 2021) — includes question paper, official
mark scheme, and examiner report. Perfect for A-Level revision and mock
preparation.
Keywords: Edexcel A-Level Business Paper 1 exam pack mark scheme examiner
report mock exam revision bundle
Theme 1: Marketing and People
1. What is the primary aim of most businesses?
A) To provide employment
B) To maximize shareholder value
C) To be environmentally friendly
D) To achieve market share
2. A business objective that is specific, measurable, achievable, realistic, and
time-bound is known as a...
A) Corporate aim
B) SMART objective
C) Strategic goal
D) Mission statement
3. What is calculated as (Number of customers at end of period - New customers
during period) / Number of customers at start of period?
A) Market growth
B) Net promoter score
C) Customer retention rate
D) Market share
,4. Which of the following is an external factor that could impact a business's
objectives?
A) Changes in management structure
B) New government legislation
C) Employee motivation levels
D) Production capacity
5. The total value or amount of sales in a market is known as...
A) Market size
B) Market share
C) Market growth
D) Market penetration
6. What does PESTLE analysis stand for?
A) Product, Economic, Social, Technological, Legal, Environmental
B) Political, Economic, Social, Technological, Legal, Environmental
C) Price, Efficiency, Supply, Technology, Labour, Ethics
D) Planning, Execution, Strategy, Tactics, Logistics, Evaluation
7. A person who takes on the financial risk of starting a new business is called
a/an...
A) Manager
B) Intrapreneur
C) Entrepreneur
D) Investor
8. Which of the following is a disadvantage of being a sole trader?
A) Limited access to finance
B) Complex decision-making process
C) Shared responsibility
D) Unlimited liability is an advantage
9. In a Private Limited Company (Ltd.), shares are...
A) Traded freely on the stock exchange
B) Sold only to the general public
, C) Sold to friends and family without public advertising
D) Owned entirely by the government
10. What is the main difference between a public and a private sector
organisation?
A) Public sector aims to make a profit, private sector does not.
B) Public sector is owned by the government, private sector is owned by
individuals.
C) Private sector always has limited liability, public sector does not.
D) There is no significant difference.
11. The document that sets out the internal rules of a company is called the...
A) Memorandum of Association
B) Articles of Association
C) Mission Statement
D) Strategic Plan
12. Which stakeholder group is most directly concerned with a company's
dividend payments?
A) Employees
B) Customers
C) Suppliers
D) Shareholders
13. A business that considers the interests of all stakeholders in its decisions is
following...
A) Shareholder theory
B) Stakeholder theory
C) Corporate governance
D) Profit maximisation
14. What is the primary role of a manager?
A) To make all decisions alone
B) To set the company's mission
Bundle | Exam Paper, Mark Scheme & Report
Description: Full set for Paper 1 (Nov 2021) — includes question paper, official
mark scheme, and examiner report. Perfect for A-Level revision and mock
preparation.
Keywords: Edexcel A-Level Business Paper 1 exam pack mark scheme examiner
report mock exam revision bundle
Theme 1: Marketing and People
1. What is the primary aim of most businesses?
A) To provide employment
B) To maximize shareholder value
C) To be environmentally friendly
D) To achieve market share
2. A business objective that is specific, measurable, achievable, realistic, and
time-bound is known as a...
A) Corporate aim
B) SMART objective
C) Strategic goal
D) Mission statement
3. What is calculated as (Number of customers at end of period - New customers
during period) / Number of customers at start of period?
A) Market growth
B) Net promoter score
C) Customer retention rate
D) Market share
,4. Which of the following is an external factor that could impact a business's
objectives?
A) Changes in management structure
B) New government legislation
C) Employee motivation levels
D) Production capacity
5. The total value or amount of sales in a market is known as...
A) Market size
B) Market share
C) Market growth
D) Market penetration
6. What does PESTLE analysis stand for?
A) Product, Economic, Social, Technological, Legal, Environmental
B) Political, Economic, Social, Technological, Legal, Environmental
C) Price, Efficiency, Supply, Technology, Labour, Ethics
D) Planning, Execution, Strategy, Tactics, Logistics, Evaluation
7. A person who takes on the financial risk of starting a new business is called
a/an...
A) Manager
B) Intrapreneur
C) Entrepreneur
D) Investor
8. Which of the following is a disadvantage of being a sole trader?
A) Limited access to finance
B) Complex decision-making process
C) Shared responsibility
D) Unlimited liability is an advantage
9. In a Private Limited Company (Ltd.), shares are...
A) Traded freely on the stock exchange
B) Sold only to the general public
, C) Sold to friends and family without public advertising
D) Owned entirely by the government
10. What is the main difference between a public and a private sector
organisation?
A) Public sector aims to make a profit, private sector does not.
B) Public sector is owned by the government, private sector is owned by
individuals.
C) Private sector always has limited liability, public sector does not.
D) There is no significant difference.
11. The document that sets out the internal rules of a company is called the...
A) Memorandum of Association
B) Articles of Association
C) Mission Statement
D) Strategic Plan
12. Which stakeholder group is most directly concerned with a company's
dividend payments?
A) Employees
B) Customers
C) Suppliers
D) Shareholders
13. A business that considers the interests of all stakeholders in its decisions is
following...
A) Shareholder theory
B) Stakeholder theory
C) Corporate governance
D) Profit maximisation
14. What is the primary role of a manager?
A) To make all decisions alone
B) To set the company's mission
