Pearson Edexcel Level 1/Level 2 GCSE

Please check the examination details below before entering your candidate information Centre Number Candidate Number Pearson Edexcel Level 1/Level 2 GCSE (9–1) Tuesday 14 May 2024 Afternoon (Time: 1 hour 45 minutes) Business Paper reference 1BS0/01 Total Marks Instructions • Fill in the boxes at the top of this page with your name, • There are three sections in this paper. – there may be more space than you need. You are advised to show all your working out with your answer clearly identified at the end of your solution. Information • The total mark for this paper is 90. – use this as a guide as to how much time to spend on each question. Advice • Read each question carefully before you start to answer it. • Check your answers if you have time at the end. Turn over P75525A ©2024 Pearson Education Ltd. F:1/1/1/1/1/ SECTION A Answer ALL questions. Write your answers in the spaces provided. 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 way of segmenting a market? Select one answer. A Cost B Income C Media D Profit (b) Which one of the following is a definition of insolvency? Select one answer. A Business failure due to unpaid debts B Credit offered by suppliers C The cost of borrowing money D When two businesses join together (1) (1) (c) Explain one disadvantage of starting a business as a partnership. 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(d) Explain one advantage to customers from increased competition. 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(Total for Question 1 = 8 marks) 2 (a) Which two of the following could be used to collect secondary market research? Select two answers. A Focus group B Internet C Market reports D Observation E Survey (b) Which two of the following are covered by employment law? Select two answers. A Consumer rights B Discrimination C Health and safety D Product quality E Taxation Table 1 contains information for a small business. Fixed costs £7 500 Variable cost £2 per unit Selling price £6 per unit Output 5,000 units Table 1 (c) Using the information in Table 1, calculate the total costs for the small business. You are advised to show your workings. (2) (2) (2) £.............................................................. (d) Explain one disadvantage to a small business from using retained profit for expansion. 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(e) Explain one advantage of opening up a business as a franchise. 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(Total for Question 2 = 12 marks) 3 (a) Which one of the following is a financial aim for a new business? Select one answer. A Challenge B Independence C Personal satisfaction D Survival Figure 1 shows the number of units sold by a business each month from June to August. The break even level of output for each month was 5,000. Number of units sold (1) 8,000 7,000 6,000 5,000 4,000 4,300 6,700 6,800 3,000 2,000 1,000 0 June July Figure 1 August (b) Using the information in Figure 1, calculate the margin of safety for August. You are advised to show your workings. (2) .............................................................. units (c) Explain one disadvantage to a small business from an increase in unemployment. 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(d) Explain one advantage to a small business from using e-commerce. 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(e) Discuss the way a small business could use branding to add value. 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(Total for Question 3 = 15 marks) TOTAL FOR SECTION A = 35 MARKS SECTION B Answer ALL questions. Write your answers in the spaces provided. In the Source Booklet, look at Figure 2 and read Extract A, then answer Questions 4, 5 and 6. 4 (a) Outline one possible risk to Keilan from setting up Adikoggz. 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(b) Analyse the importance to Adikoggz of identifying customer needs. 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(Total for Question 4 = 8 marks) 5 Table 2 shows how many pairs of trainers were customised by Adikoggz from July to December 2022. Pairs of trainers July 52 August 61 September 47 October 34 November 52 December 72 Table 2 (a) Using the information in Table 2, calculate the average number of trainers customised per month from July to December 2022. You are advised to show your workings. (2) .............................................................. pairs (b) Using the information in Table 2, calculate, to 2 decimal places, the percentage change in sales from November to December 2022.