[BUSINESS] PAPER 1A EDEXCEL GCSE BUSINESS QUESTION ONLY – INVESTIGATING SMALL BUSINESS

[BUSINESS] PAPER 1A EDEXCEL GCSE BUSINESS QUESTION ONLY – INVESTIGATING SMALL BUSINESS Edexcel GCSE Business Paper 1a Section A ANSWER ALL QUESTIONS. WRITE YOUR ANSWERS IN THE SPACES PROVIDED 1 (a) Which one of the following is not a risk of running a business? Select one answer: A Financial loss B Lack of security C Independence D Business failure (1) (b) Which one of the following is an example of secondary market research? Select one answer: A Focus group B Market reports C Observation D Survey (1) (c) Explain one advantage to business owners of having limited liability. (3) (d) Explain one disadvantage to a business of an increase in interest rates. (3) (Total for Question 1 = 8 marks) 2 (a) Which two of the following are examples of variable costs? Select two answers: A Insurance B Production wages C Raw materials D Rent E Salaries (2) (b) Which two of the following are suitable long-term sources of finance for a start-up sole trader? Select two answers: A Crowd funding B Overdraft C Share capital D Trade credit E Venture capital (2) Figure 1 shows the number of customers visiting a business over the first four weeks of this year. Figure 1 The average selling price per customer £5. (c) Using the information in Figure 1, calculate the sales revenue of the business for the first four weeks of this year. You are advised to show your workings. (2)