Edexcel gcse business studies paper 1 june 2023

lease check the examination details below before entering your candidate information Paper reference   Thursday 18 May 2023 P71036A ©2023 Pearson Education Ltd. N:1/1/1/1/1/1/ Instructions • Use black ink or ball-point pen. • Fill in the boxes at the top of this page with your name, centre number and candidate number. • There are three sections in this paper. • Answer all the questions in the spaces provided – there may be more space than you need. • Calculators may be used. • 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. • The marks for each question are shown in brackets – 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. • Try to answer every question. • Check your answers if you have time at the end. You must have: Source Booklet (enclosed) Business PAPER 1: Investigating small business 1BS0/01Afternoon (Time: 1 hour 45 minutes) Pearson Edexcel Level 1/Level 2 GCSE (9–1) *P71036A0224* 2 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 could market mapping be used for? (1) Select one answer. A Identifying how many customers there are in a market B Identifying how many employees work in a business C Spotting where there is a gap in the market D To identify the location of a business (b) Which one of the following is an impact of a decrease in interest rates? (1) Select one answer. A Businesses will borrow less money B Customers will borrow less money C Customers will borrow more money D Repayments on loans should go up *P71036A0324* Turn over 3 (c) Explain one advantage of starting a business as a private limited company. 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(d) Explain one way the internet may affect where a small business chooses to locate. 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(Total for Question 1 = 8 marks