INTERNATIONAL AS
BUSINESS
BU01
Unit 1 Business and Markets
Mark scheme
January 2023
Version: 1.0 Final
*231xBU01/MS*
, MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JANUARY 2023
Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
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’
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
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
required to refer these to the Lead Examiner.
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
schemes on the basis of one year’s document should be avoided; whilst the guiding principles of
assessment remain constant, details will change, depending on the content of a particular examination
paper.
Further copies of this mark scheme are available from oxfordaqaexams.org.uk
Copyright information
OxfordAQA retains the copyright on all its publications. However, registered schools/colleges for OxfordAQA are permitted to copy material from this booklet for
their own internal use, with the following 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.
Copyright © 2023 Oxford International AQA Examinations and its licensors. All rights reserved.
2
, MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JANUARY 2023
How to mark
Aims
When you are marking your allocation of scripts your main aims should be to:
• 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,
middle)
• record your judgements with brief notes, annotations and comments that are relevant to the mark
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
rank order that your marking has produced)
• ensure comparability of assessment for all students, regardless of question or examiner.
Approach
It is important to be open-minded and positive when marking scripts.
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
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.
3
BUSINESS
BU01
Unit 1 Business and Markets
Mark scheme
January 2023
Version: 1.0 Final
*231xBU01/MS*
, MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JANUARY 2023
Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
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’
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
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
required to refer these to the Lead Examiner.
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
schemes on the basis of one year’s document should be avoided; whilst the guiding principles of
assessment remain constant, details will change, depending on the content of a particular examination
paper.
Further copies of this mark scheme are available from oxfordaqaexams.org.uk
Copyright information
OxfordAQA retains the copyright on all its publications. However, registered schools/colleges for OxfordAQA are permitted to copy material from this booklet for
their own internal use, with the following 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.
Copyright © 2023 Oxford International AQA Examinations and its licensors. All rights reserved.
2
, MARK SCHEME – INTERNATIONAL AS BUSINESS – BU01 – JANUARY 2023
How to mark
Aims
When you are marking your allocation of scripts your main aims should be to:
• 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,
middle)
• record your judgements with brief notes, annotations and comments that are relevant to the mark
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
rank order that your marking has produced)
• ensure comparability of assessment for all students, regardless of question or examiner.
Approach
It is important to be open-minded and positive when marking scripts.
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
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.
3
