Edexcel GCSE Business Studies Paper 2: Building a business June 2023 question paper 1BS0/02

Figure 1 shows a diagram of the product life cycle.

What is Phase 4 called?

Select one answer.

Which one of the following is an element of the design mix?

Select one answer.

Explain one reason why a business might use performance reviews with its employees.

Explain one impact on a business of using flow production.

Which two of the following are documents produced by a business at the start of the recruitment process?

Select two answers.

Which two of the following are services?

Select two answers.

Table 1 contains financial information about a business.

Using the information in Table 1, calculate to 2 decimal places, the net profit margin.

Explain one disadvantage to a business of using loan capital as a source of finance.

Explain one reason why a business may decide to reduce the size of its workforce.

Which one of the following is a fringe benefit?

Select one answer.

Figure 2 shows a bar gate stock graph which shows the deliveries of raw materials to a business in June 2021. These deliveries are labelled A, B and C.

Using the information in Figure 2, calculate the total amount of stock that was delivered to the business in June 2021. You are advised to show your workings.

Explain one disadvantage to a business of having a poor relationship with its suppliers.

Explain one impact on a business of introducing job rotation.

Discuss the impact on a business from new tariffs being introduced by countries it exports to.

In the Source Booklet, look at Figure 3 and read Extract A, then answer Questions 4, 5 and 6.

Outline one possible method, other than faster delivery, that Ocado could use to differentiate its service.

Analyse the benefit to Ocado of good customer service.

Table 2 contains information about the price of an annual supermarket delivery pass

(Source: adapted from https://www.lovemoney.com/guides/3444/ cheapest-supermarket-online-delivery-deals-asda-tesco-iceland-cost)

Using the information in Table 2, calculate the average price of an annual supermarket delivery pass.

Table 3 contains information about Ocado’s financial performance in 2019.

(Source: adapted from https://www.ocadogroup.com/investors/annual-report-2019)

Using the information in Table 3, calculate Ocado ’s sales revenue in 2019. You are advised to show your workings.

Analyse the benefit to Ocado of using new technology in its warehouses.

State one possible influence on the pricing strategy used by Ocado.

Outline one drawback to Ocado of using just in time (JIT) stock control.

In order to increase its share of the online grocery market, Ocado has considered two options:

Option 1: offering a faster delivery service

Option 2: expanding its product range.

Justify which one of these two options Ocado should choose.

In the Source Booklet, look at Figure 4 and read Extract B, then answer Question 7.

Give one stage of the sales process.

Figure 5 shows the market share for each company in the virtual reality headset market in 2018 and 2019.

(Source: adapted from https://www.statista.com/statistics/755645/ global-vr-device-market-share-by-vendor/)

Using Figure 5, identify the company that left the virtual reality headset market in 2019.

Outline one advantage to Facebook of becoming a public limited company (plc).

In order to increase its profit, Facebook is considering two options:

Option 1: grow internally

Option 2: grow externally.

Justify which one of these two options Facebook should choose to increase its profit.

Evaluate the impact on Facebook of its decision to allow its employees to use remote working from home. You should use the information provided as well as your knowledge of business.