GCSE BUSINESS (9–1): Actual May 2025 PAST PAPER 1: Investigating Small Business. All Assessment Questions & Mark Scheme [Edexcel 1BS0/01]

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GCSE BUSINESS (9–1): Actual May 2025 PAST PAPER 1: Investigating Small Business. All Assessment Questions & Mark Scheme [Edexcel 1BS0/01]

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Institution GCSE BUSINESS : Actual May 2025 PAST PAPER 1:

Course GCSE BUSINESS : Actual May 2025 PAST PAPER 1:

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GCSE BUSINESS (9–1): Actual May 2025 PAST PAPER 1: Investigating
Small Business. All Assessment Questions & Mark Scheme [Edexcel 1BS0/01]

Exam Resource Summary

The GCSE Business (9–1) May 2025 Paper 1: Investigating Small Business (Edexcel
1BS0/01) – All Assessment Questions & Mark Scheme document combines the full official
examination paper with its detailed mark scheme, offering a comprehensive and practical revision
aid. This paper assesses students’ understanding of enterprise, business ownership, marketing,
finance, and the external influences affecting small businesses. It tests analytical, evaluative,
and problem-solving skills through real-world business scenarios. The merged format places each
question alongside its marking criteria, providing clarity on examiner expectations, mark
distribution, and effective response strategies. This resource is essential for focused revision, self-
assessment, and strengthening applied business understanding, making it a key tool for
preparation for the May 2026 Edexcel GCSE Business (9–1) Paper 1: Investigating Small
Business examination.

Turn over

, SECTION A
Answer ALL questions. Write your answers in the spaces provided.

DO NOT WRITE IN THIS AREA
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 a type of business ownership?
(1)
Select one answer.

A Limited liability

B Private limited company
C Shareholder

D Unlimited liability
(b) Which one of the following is a short-term source of finance?
(1)

DO NOT WRITE IN THIS AREA
Select one answer.

A Crowd funding

B Focus group
C Trade credit

D Venture capital

DO NOT WRITE IN THIS AREA

2

■■■■

, (c) Explain one way e-commerce could lead to increased sales for a small business.
(3)
DO NOT WRITE IN THIS AREA

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DO NOT WRITE IN THIS AREA

(d) Explain one possible advantage to a small business from a decrease in
government taxation.
(3)

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DO NOT WRITE IN THIS AREA

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(Total for Question 1 = 8 marks)

3

■■■■ Turn over

, 2 (a) Which two of the following are ways that a small business could add value?
(2)

DO NOT WRITE IN THIS AREA
Select two answers.

A Challenge

B Design
C Independence

D Quality
E Revenue

(b) Which two of the following are elements of the marketing mix?
(2)
Select two answers.

A Payment

DO NOT WRITE IN THIS AREA
B Plan

C Price
D Profit

E Promotion
Table 1 contains information for a small business.

Break even output 3,000 units

Variable cost £3 per unit

Selling price £7 per unit

Output 15,000 units DO NOT WRITE IN THIS AREA

Table 1
(c) Using the information in Table 1, calculate the fixed costs for the small business.
You are advised to show your workings.
(2)

£ ..............................................................

4

■■■■

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Number of pages: 44
Written in: 2025/2026
Type: Exam (elaborations)
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