Edexcel GCSE Business Studies Paper 1: Investigating small business June 2022 question paper 1BS0/01

Which one of the following is an example of a variable cost?

Select one answer.

Which one of the following could be used to identify a market segment?

Select one answer.

Explain one risk for an entrepreneur when starting a new business.

Explain one way a small business could add value to a product.

Which two of the following are examples of a service?

Select two answers.

Which two of the following are examples of cash inflows?

Select two answers.

Table 1 contains information about a small business for one month.

Using the information in Table 1, calculate the margin of safety. You are advised to show your workings.

Explain one disadvantage to a small business of using an overdraft as a source of business finance.

Explain one impact on a small business of an increase in unemployment.

Which one of the following is a definition of insolvency?

Select one answer.

Figure 1 shows the cash-flow of a business from May to August.

Using the information in Figure 1, calculate the total net cash-flow from May to August. You are advised to show your workings.

Explain one way a small business could reduce its variable costs.

Explain one advantage to a small business of meeting all employment legislation.

Discuss how possible conflicts between owners and employees could affect the profit of a small business.

Outline one factor that may influence the location of a Little Movers franchise.

Analyse the impact on an entrepreneur of being a Little Movers franchisee.

When starting the business in 2007, Melanie took out a loan. The financial details of this loan are in Table 2.

Using the information in Table 2, calculate the interest on the loan as a percentage of the total amount borrowed. You are advised to show your workings.

Using the information in Table 2, calculate, to 2 decimal places, the monthly repayments for the loan. You are advised to show your workings.

Analyse the impact on Little Movers of having a strong brand.

State one non-financial aim that Melanie may have had when starting Little Movers.

Outline one benefit to Little Movers of having an online booking system.

Little Movers is considering two options to carry out market research for possible new franchises in Poland:

Option 1: internet research to identify competitors in Poland

Option 2: conducting focus groups with parents living in Poland.

Justify which one of these two options Little Movers should choose.

State one source of revenue for Digital Allies.

Figure 2 shows the number of social media accounts in the UK in 2019.

Number of social media accounts (millions)

(Source: adapted from https://www.avocadosocial.com/latest-social-media-statistics-and-demographics-for-the-uk-in-2019/)

Using the information in Figure 2, identify which social media platform was the second largest in the UK in 2019.

Outline one impact on the owners of Digital Allies from being a private limited company.

In order to help improve digital marketing for a local university, Digital Allies is considering two options:

Option 1: improve the design of the university website

Option 2: design a social media campaign to target new students.

Justify which one of these two options Digital Allies should choose.

Evaluate the impact that changes in technology may have on Digital Allies. You should use the information provided as well as your knowledge of business.