MAY/JUNE 2023 EDEXCEL GCSE BUSINESS QUESTION PAPER PAPER 2B BUILDING A BUSINESS

MAY/JUNE 2023 EDEXCEL GCSE BUSINESS QUESTION PAPER PAPER 2B BUILDING A BUSINESS Edexcel GCSE Business Paper 2b Section A ANSWER ALL QUESTIONS. WRITE YOUR ANSWERS IN THE SPACES PROVIDED 1 (a) Which one of the following is a feature of a flat organisational structure? Select one answer: A Many levels of hierarchy B Long chain of command C Wide span of control D Close supervision (1) (b) Which one of the following is a barrier to international trade? Select one answer: A Imports B Exports C Tariffs D Globalisation (1) (c) Explain one advantage to a business of using external recruitment. (3) (d) Explain one disadvantage to a business of viral advertising via social media. (3) (Total for Question 1 = 8 marks) 2 (a) Which two of the following are not elements of the sales process? Select two answers: A Supplier choice B Customer Engagement C Post-sales service D Product knowledge E Sponsorship (2) (b) Which two of the following are non-financial methods of motivation? Select two answers: A Promotion B Commission C Remuneration D Autonomy E Job rotation (2) Table 1 contains information about a business investment. Total profit from the investment £84,000 Number of years 10 Cost of investment £35,000 Table 1 (c) Using the information in Table 1, calculate the average rate of return for this investment. You are advised to show your workings. (2)