Please write clearly in block capitals.
Centre number Candidate number INTERNATIONAL AS
Surname BUSINESS
BU01
Forename(s)
Candidate signature
I declare this is my own work. Unit 1: Business and Markets
INTERNATIONAL AS Mark scheme
BUSINESS June 2026
Version: 1.0 Final
Unit 1 Business and Markets
Monday 11 May 2026 08:00 UK Time Time allowed: 1 hour 30 minutes
Materials
For this paper you must have: For Examiner’s Use
• a calculator, which you are expected to use where appropriate. Question Mark
1
Instructions
• Use black ink or black ball-point pen. 2
• Fill in the boxes at the top of this page. 3
• Answer all questions. 4
• You must answer the questions in the spaces provided.
Do not write outside the box around each page or on blank pages. 5
• If you need extra space for your answer(s), use the lined pages at the end of 6
this book. Write the question number against your answer(s). 7
• All working must be shown.
8
• Do all rough work in this book. Cross through any work you do not
want to be marked. 9
• You may not use an English dictionary. 10
11
Information
• The marks for questions are shown in brackets. 12
• The maximum mark for this paper is 80. 13
14
Advice
• You may use a bilingual dictionary. TOTAL
*Jun26BU0101*
IB/G/Jun26/G4006/V5 BU01
, 2
MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JUNE 2026
Do not write
outside the
Section A box
Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
Answer all questions in the spaces provided.
questions, by a panel of subject teachers. This mark scheme includes any amendments made at the
standardisation events which all associates participate in and is the scheme which was used by them in
this examination. The standardisation process ensures that the mark scheme covers the students’
Only one answer per question is allowed. responses to questions and that every associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative
For each multiple-choice question completely fill in the circle alongside the appropriate answer. answers not already covered by the mark scheme are discussed and legislated for. If, after the
standardisation process, associates encounter unusual answers which have not been raised they are
CORRECT METHOD WRONG METHODS required to refer these to the Lead Examiner.
If you want to change your answer you must cross out your original answer as shown. It must be stressed that a mark scheme is a working document, in many cases further developed and
expanded on the basis of students’ reactions to a particular paper. Assumptions about future mark
If you wish to return to an answer previously crossed out, ring the answer you now wish to select schemes on the basis of one year’s document should be avoided; whilst the guiding principles of
as shown. assessment remain constant, details will change, depending on the content of a particular examination
paper.
Further copies of this mark scheme are available from
0 1 Which one of the following types of business has making profit as its main objective?
[1 mark]
A Charity
B Public limited company
C Public sector organisation
D Social enterprise 1
0 2 Which one of the following is a motivation for an entrepreneur to set up in business?
[1 mark]
A To avoid taking risks in business
B To benefit from paid holidays
C To follow strict rules
D To gain independence 1
information
OxfordAQA retains the on all its publications. However, registered schools/colleges for OxfordAQA are permitted to copy material from this booklet for
their own internal use, llowing important exception: OxfordAQA cannot give permission to schools/colleges to photocopy any material that is
acknowledged to a third party even for internal use within the centre.
OxfordAQA International Examinations and its licensors. All rights reserved.
*02*
2
IB/G/Jun26/BU01
, 3
MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JUNE 2026
Do not write
outside the
0 3 Statement 1: opportunity cost refers to the value of all alternatives not chosen when box
making decisions.
How to mark
Statement 2: a business can increase efficiency if it increases its output using fewer
resources. Aims
Choose one option. When you are marking your allocation of scripts your main aims should be to:
[1 mark]
• recognise and identify the achievements of students
• place students in the appropriate mark band and in the appropriate part of that mark band (high, low,
A Statement 1 is false and statement 2 is false. middle)
• record your judgements with brief notes, annotations and comments that are relevant to the mark
B Statement 1 is false and statement 2 is true. scheme and make it clear to other examiners how you have arrived at the numerical mark awarded
• put into a rank order the achievements of students (not to grade them – that is done later using the
C Statement 1 is true and statement 2 is false. rank order that your marking has produced)
• ensure comparability of assessment for all students, regardless of question or examiner.
1
D Statement 1 is true and statement 2 is true.
Approach
It is important to be open-minded and positive when marking scripts.
0 4 There are three businesses in a market. Figure 1 shows the sales of these businesses.
Total market sales are $50 million. The specification recognises the variety of experiences and knowledge that students will have. It
encourages them to study business in a way that is relevant to them. The questions have been
Figure 1 designed to give them opportunities to discuss what they have found out about business. It is important
to assess the quality of what the student offers.
Assessment Objectives
This component requires students to:
AO1 Demonstrate knowledge of terms, concepts, theories, methods and models to show an
understanding of how individuals and organisations are affected by and respond to
business issues.
AO2 Apply knowledge and understanding to various business contexts to show how
individuals and organisations are affected by and respond to issues.
AO3 Analyse issues within business, showing an understanding of the impact on individuals
and organisations of external and internal influences.
AO4 Evaluate quantitative and qualitative information to make informed judgements and
propose evidence-based solutions to business issues.
Using Figure 1, calculate the market share of Business B.
[2 marks]
2
Turn over ►
*03*
3
IB/G/Jun26/BU01
Centre number Candidate number INTERNATIONAL AS
Surname BUSINESS
BU01
Forename(s)
Candidate signature
I declare this is my own work. Unit 1: Business and Markets
INTERNATIONAL AS Mark scheme
BUSINESS June 2026
Version: 1.0 Final
Unit 1 Business and Markets
Monday 11 May 2026 08:00 UK Time Time allowed: 1 hour 30 minutes
Materials
For this paper you must have: For Examiner’s Use
• a calculator, which you are expected to use where appropriate. Question Mark
1
Instructions
• Use black ink or black ball-point pen. 2
• Fill in the boxes at the top of this page. 3
• Answer all questions. 4
• You must answer the questions in the spaces provided.
Do not write outside the box around each page or on blank pages. 5
• If you need extra space for your answer(s), use the lined pages at the end of 6
this book. Write the question number against your answer(s). 7
• All working must be shown.
8
• Do all rough work in this book. Cross through any work you do not
want to be marked. 9
• You may not use an English dictionary. 10
11
Information
• The marks for questions are shown in brackets. 12
• The maximum mark for this paper is 80. 13
14
Advice
• You may use a bilingual dictionary. TOTAL
*Jun26BU0101*
IB/G/Jun26/G4006/V5 BU01
, 2
MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JUNE 2026
Do not write
outside the
Section A box
Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
Answer all questions in the spaces provided.
questions, by a panel of subject teachers. This mark scheme includes any amendments made at the
standardisation events which all associates participate in and is the scheme which was used by them in
this examination. The standardisation process ensures that the mark scheme covers the students’
Only one answer per question is allowed. responses to questions and that every associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative
For each multiple-choice question completely fill in the circle alongside the appropriate answer. answers not already covered by the mark scheme are discussed and legislated for. If, after the
standardisation process, associates encounter unusual answers which have not been raised they are
CORRECT METHOD WRONG METHODS required to refer these to the Lead Examiner.
If you want to change your answer you must cross out your original answer as shown. It must be stressed that a mark scheme is a working document, in many cases further developed and
expanded on the basis of students’ reactions to a particular paper. Assumptions about future mark
If you wish to return to an answer previously crossed out, ring the answer you now wish to select schemes on the basis of one year’s document should be avoided; whilst the guiding principles of
as shown. assessment remain constant, details will change, depending on the content of a particular examination
paper.
Further copies of this mark scheme are available from
0 1 Which one of the following types of business has making profit as its main objective?
[1 mark]
A Charity
B Public limited company
C Public sector organisation
D Social enterprise 1
0 2 Which one of the following is a motivation for an entrepreneur to set up in business?
[1 mark]
A To avoid taking risks in business
B To benefit from paid holidays
C To follow strict rules
D To gain independence 1
information
OxfordAQA retains the on all its publications. However, registered schools/colleges for OxfordAQA are permitted to copy material from this booklet for
their own internal use, llowing important exception: OxfordAQA cannot give permission to schools/colleges to photocopy any material that is
acknowledged to a third party even for internal use within the centre.
OxfordAQA International Examinations and its licensors. All rights reserved.
*02*
2
IB/G/Jun26/BU01
, 3
MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JUNE 2026
Do not write
outside the
0 3 Statement 1: opportunity cost refers to the value of all alternatives not chosen when box
making decisions.
How to mark
Statement 2: a business can increase efficiency if it increases its output using fewer
resources. Aims
Choose one option. When you are marking your allocation of scripts your main aims should be to:
[1 mark]
• recognise and identify the achievements of students
• place students in the appropriate mark band and in the appropriate part of that mark band (high, low,
A Statement 1 is false and statement 2 is false. middle)
• record your judgements with brief notes, annotations and comments that are relevant to the mark
B Statement 1 is false and statement 2 is true. scheme and make it clear to other examiners how you have arrived at the numerical mark awarded
• put into a rank order the achievements of students (not to grade them – that is done later using the
C Statement 1 is true and statement 2 is false. rank order that your marking has produced)
• ensure comparability of assessment for all students, regardless of question or examiner.
1
D Statement 1 is true and statement 2 is true.
Approach
It is important to be open-minded and positive when marking scripts.
0 4 There are three businesses in a market. Figure 1 shows the sales of these businesses.
Total market sales are $50 million. The specification recognises the variety of experiences and knowledge that students will have. It
encourages them to study business in a way that is relevant to them. The questions have been
Figure 1 designed to give them opportunities to discuss what they have found out about business. It is important
to assess the quality of what the student offers.
Assessment Objectives
This component requires students to:
AO1 Demonstrate knowledge of terms, concepts, theories, methods and models to show an
understanding of how individuals and organisations are affected by and respond to
business issues.
AO2 Apply knowledge and understanding to various business contexts to show how
individuals and organisations are affected by and respond to issues.
AO3 Analyse issues within business, showing an understanding of the impact on individuals
and organisations of external and internal influences.
AO4 Evaluate quantitative and qualitative information to make informed judgements and
propose evidence-based solutions to business issues.
Using Figure 1, calculate the market share of Business B.
[2 marks]
2
Turn over ►
*03*
3
IB/G/Jun26/BU01
