Edexcel A Level Business - Breakeven Charts Exam Questions
Edexcel A Level Business - Exam Questions on Budgets 2
Edexcel A Level Business - Exam Questions on Budgets
All for this textbook (8)
Written for
A/AS Level
PEARSON (PEARSON)
Business
Summary Assessment
All documents for this subject (2)
1
review
By: Fope • 2 year ago
Seller
Follow
SameerL002
Reviews received
Content preview
Business Exam Questions Paper 1: Section A June 2020 /50
(a) Using the data from Extract A and the information above, calculate the difference in
percentage growth in air passenger numbers between 2015 and 2016. You are advised to
show your working [4]
Percentage Growth = A - B/B
Percentage Growth = 3.75(bn) - 3.5(bn) = 0.25(bn)
Percentage Change = 0.25(bn)/3.5 (bn) x 100 = 7.14%
2015 Percentage Growth = 6.7%
7.14% - 6.7% = Increase of 0.4%
(b) Using the data from Extract B, draw a supply and demand diagram for airline tickets to
show the likely effects of the change in jet fuel prices between 2014 and 2015 [4]
Decrease in Price (P1 to P2)
Increase in Supply (S1 to S2)
Increase in Quantity Demanded (Q1 to Q2)
(c) Assess the consequences to a business, such as Spirit Airlines, of only selling its tickets
online [10]
Spirit Airlines selling the tickets online only will reduce operating costs as any
customer service that is normally available will not be there. Other expenses
associated with the maintenance and administration of the business on a day-to-day
basis will not be costly for the business. This is a positive for the low-rated, but
growing business in the airline industry. This will help the business to save money
from jobs such as 1:1 customer service, dealing with customer queries and
complaints or any maintenance role etc. Selling tickets online will free up these roles
and therefore save money for the business.
Selling online also results in the distribution costs of sales of tickets to customers to
be totally reduced. E-commerce transactions online make shopping cheaper, more
efficient and easier for the customer and benefit the business hugely as it increases
net revenue. For Spirit Airlines to organise a location for customers to attend and
whilst running the premises daily will weight hard on the low-profile business. Selling
online will make it more convenient and customers can stay home and purchase the
service they want, increasing the revenue of the business without effecting its
expenses.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SameerL002. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.10. You're not tied to anything after your purchase.