Edexcel GCSE Business Studies Paper 1: Investigating small business November 2021 question paper 1BS0/01

Which one of the following is a long-term source of finance?

Select one answer.

Which one of the following could be used to identify customer needs?

Select one answer.

Explain one drawback to a business of having low levels of cash.

Explain one way an entrepreneur can reduce the risk of failure when starting a new business.

Which two of the following can be interpreted from a break even diagram?

Select two answers.

Which two of the following are types of technology that could be used by a business?

Select two answers.

Table 1 shows the cash-flow forecast for a small business.

Complete the table with the two missing figures.

Explain one reason why an entrepreneur may adapt an existing product to come up with a new business idea.

Explain one disadvantage to a small business of using a focus group to collect market research data.

Which one of the following is a disadvantage of starting a partnership?

Select one answer.

Figure 1 shows the sales revenue of a business from January to April.

Using the information in Figure 1, calculate, to 2 decimal places, the percentage decrease in sales revenue from January to March. You are advised to show your workings.

Explain one disadvantage to a small business of an increase in interest rates.

Explain one disadvantage to a small business of manufacturing a high quality product.

Discuss the impact on a small business from the introduction of new employment laws.

Outline one way that Sports Tours Ltd meets customer needs.

Analyse the impact of the internet on the location of Sports Tours Ltd ’s premises.

Sports Tours Ltd has been organising football tours to Munich, Germany since 2010. The price of a hotel room in Munich in 2010 was €100.

Table 2 shows the value of the pound (£) in euros (€) in June 2010 and June 2019.

Using the information in Table 2, calculate, to 2 decimal places, the price in pounds (£) of a hotel room in 2010. You are advised to show your workings.

In 2019 the cost of a hotel room had increased to €130.

Using the information in Table 2, calculate, to 2 decimal places, the price in pounds (£) of a hotel room in 2019. You are advised to show your workings.

Analyse the impact on Sports Tours Ltd of using market mapping to target customers.

State one fixed cost that Sports Tours Ltd will need to pay.

Outline one likely impact of changing levels of consumer income on Sports Tours Ltd.

In order to add value to its business activities Sports Tours Ltd is considering two options:

Option 1: using professional sports venues for tournaments

Option 2: providing teams with top class coaching when on tour.

Justify which one of these two options Sports Tours Ltd should choose.

State one example of a cash outflow for That Feeling.

Outline one benefit to employees at That Feeling from being mentored by Justin.

In order to improve its brand awareness, That Feeling is considering two options:

Option 1: increase its range of own brand clothing

Option 2: open a second shop.

Justify which one of these two options That Feeling should choose.

Evaluate the importance of achieving non-financial objectives for the success of That Feeling. You should use the information provided as well as your knowledge of business