Edexcel GCSE Business Studies Paper 1: Investigating small business June 2024 question paper 1BS0/01

Which one of the following is a way of segmenting a market?

Select one answer.

Which one of the following is a definition of insolvency?

Select one answer.

Explain one disadvantage of starting a business as a partnership.

Explain one advantage to customers from increased competition.

Which two of the following could be used to collect secondary market research?

Select two answers.

Which two of the following are covered by employment law?

Select two answers.

Table 1 contains information for a small business.

Using the information in Table 1, calculate the total costs for the small business. You are advised to show your workings.

Explain one disadvantage to a small business from using retained profit for expansion.

Explain one advantage of opening up a business as a franchise.

Which one of the following is a financial aim for a new business?

Select one answer.

Figure 1 shows the number of units sold by a business each month from June to August. The break even level of output for each month was 5,000.

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

Explain one disadvantage to a small business from an increase in unemployment.

Explain one advantage to a small business from using e-commerce.

Discuss the way a small business could use branding to add value.

In the Source Booklet, look at Figure 2 and read Extract A, then answer Questions 4, 5 and 6.

Outline one possible risk to Keilan from setting up Adikoggz.

Analyse the importance to Adikoggz of identifying customer needs.

Table 2 shows how many pairs of trainers were customised by Adikoggz from July to December 2022.

Using the information in Table 2, calculate the average number of trainers customised per month from July to December 2022. You are advised to show your workings.

Using the information in Table 2, calculate, to 2 decimal places, the percentage change in sales from November to December 2022.

Analyse the advantage to Adikoggz from using social media to promote its products.

State one example of a cash inflow for Adikoggz.

Outline one benefit to Keilan from producing a business plan for Adikoggz.

To help prevent cash-flow problems Adikoggz is considering two options as a short-term source of finance:

Option 1: an overdraft from the bank

Option 2: trade credit from suppliers.

Justify which one of these two options Adikoggz should choose.

In the Source Booklet, look at Figure 3 and read Extract B, then answer Question 7.

State one example of a fixed cost for PFC.

Table 3 shows the % of the local population that has a gym membership in different regions of the UK.

(Source: adapted from Yougov survey 2022)

Table 3

Using the information in Table 3, identify which region had the lowest level of gym membership in the UK .

Outline one factor that could have influenced the location of PFC.

In order to increase the number of new members at PFC, the owner is considering two options:

Option 1: reducing the price of membership

Option 2: providing an individual fitness plan for all new members.

Justify which one of these two options would have the bigger impact on new membership at PFC.

Evaluate the importance of the level of consumer income to the success of PFC. You should use the information provided as well as your knowledge of business.