Edexcel A Level Economics B Paper 1: Markets and how they work November 2021 question paper 9EB0/01

Explain one way creative destruction might have affected the clothing market.

Using Extract B, calculate, to 2 decimal places, Boohoo ’s gross profit margin for 2019. You are advised to show your working.

In 2019, Boohoo sold 10,501,813 items. This included low cost clothing and more expensive clothing, coats, shoes and jewellery.

Using Extract B, calculate, to two decimal places, the average revenue per item sold in 2019. You are advised to show your working.

Analyse two advantages of division of labour to manufacturers in the clothing industry.

Using a supply and demand diagram, discuss the likely effect on the UK clothing market of a 1p tax on clothing.

Assess the likely implications of using share capital to fund expansion for a firm such as Boohoo.

Assess the extent to which enterprise is the most important factor of production for the success of Boohoo.

Assess the extent to which there is a trade-off between Corporate Social Responsibility (CSR) and profitability for a firm such as Boohoo.

Using a suitable diagram, evaluate the extent to which tradable pollution permits are the most effective way to reduce environmental damage in the UK.

Evaluate the extent to which WT.Social will be able to successfully enter the UK social media market.