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aqa AS BUSINESS Paper 2 - (7131/2) Business 2 Question Paper 2023

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aqa AS BUSINESS Paper 2 - (7131/2) Business 2 Question Paper 2023 1. The UK balloon market accounted for 25% of the global market in 2020 and 30% of the global market in 2022. Using Figure 1, calculate the percentage increase in the size of the UK balloon market between 2020 and 2022. Give your answer to two decimal places. 2. The price elasticity of demand for BB’s products is –0.5. Explain one benefit to BB of operating in the market with this price elasticity of demand value. 3. Analyse the impact on BB if it decides to outsource the catering function of the business. 4. Analyse the impact on BB’s financial performance if it decides to take the contract with the hotel.

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