EDEXCEL A LEVEL BUSINESS PAPER 2 EXAM
SCRIPT 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉What is inflation. Answer: a general increase in prices and fall in
the purchasing value of money.
◉What are exchange rates. Answer: The value of one currency
expressed in terms of another
◉What is SPICED. Answer: Strong Pound Imports Cheaper Exports
Dearer
◉What is WIDEC. Answer: Weak pound Imports Dearer Exports
Cheaper
◉What are interest rates. Answer: The reward for saving and the
cost of borrowing
◉What is the business cycle. Answer: a cycle or series of cycles of
economic expansion and contraction.
Involves booms, recession, depression and recovery
, ◉What is consumer protection. Answer: Efforts to safeguard
consumers from unsafe products and practices.
Businesses have to comply with legislation such as consumer
protection act
◉What is employee protection. Answer: Safeguarding employees'
rights in the workplace
The main impact this will have on businesses is the national
minimum wage
◉What is environmental protection. Answer: Having to dispose of
wastage properly and in an ethical way, not causing harm to the
environment
◉What is competition policy. Answer: Legislation designed to
prevent monopolies
◉What is health and safety legislation. Answer: Designed to ensure
the safety of employees and customers within the workplace
◉What is the difference between aims and objectives. Answer: aims
are a general goal for a business (long term)
SCRIPT 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉What is inflation. Answer: a general increase in prices and fall in
the purchasing value of money.
◉What are exchange rates. Answer: The value of one currency
expressed in terms of another
◉What is SPICED. Answer: Strong Pound Imports Cheaper Exports
Dearer
◉What is WIDEC. Answer: Weak pound Imports Dearer Exports
Cheaper
◉What are interest rates. Answer: The reward for saving and the
cost of borrowing
◉What is the business cycle. Answer: a cycle or series of cycles of
economic expansion and contraction.
Involves booms, recession, depression and recovery
, ◉What is consumer protection. Answer: Efforts to safeguard
consumers from unsafe products and practices.
Businesses have to comply with legislation such as consumer
protection act
◉What is employee protection. Answer: Safeguarding employees'
rights in the workplace
The main impact this will have on businesses is the national
minimum wage
◉What is environmental protection. Answer: Having to dispose of
wastage properly and in an ethical way, not causing harm to the
environment
◉What is competition policy. Answer: Legislation designed to
prevent monopolies
◉What is health and safety legislation. Answer: Designed to ensure
the safety of employees and customers within the workplace
◉What is the difference between aims and objectives. Answer: aims
are a general goal for a business (long term)
