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Advanced PAPER 1: Markets and how they work

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Please check the examination details below before entering your candidate information Centre Number Candidate Number Pearson Edexcel Level 3 GCE Wednesday 15 May 2024 Morning (Time: 2 hours) Economics B Paper reference 9EB0/01 Total Marks Instructi...

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  • October 24, 2024
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May economics


Please check the examination details below before entering your candidate information

Candidate surname Other names


Centre Number Candidate Number



Pearson Edexcel Level 3 GCE
Wednesday 15 May 2024
Morning (Time: 2 hours) Paper
referenc
e
9EB0/01
Economics
B
🞍 🞍


Advanced
PAPER 1: Markets and how they work


You do not need any other materials. Total Marks




Instructions

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• Fill in the boxes at the top of this page with your
centre number and candidate number.


• Answer
name, all
Answer the questions in the spaces provided
– there may be more space than you need.
questions.
Information

• The total mark for this paper is 100.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each
• question. Calculators may be used.
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• Check your answers if you have time at the end.
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Turn over

May economics

,P80957A
©2024 Pearson Education
Ltd. F:1/1/1/1/

, Answer ALL questions.

SECTION A




AREA
DO NOT WRITE IN THIS
Read the following extracts (A–E) before answering
Question 1.

Write your answers in the spaces provided.
Extract
A

TUI Group lose market share to Jet2holidays

The TUI Group (TUI) has finally responded to being overtaken by Jet2holidays as
the UK’s largest tour operator.

TUI Chief Executive Sebastian Ebel said: “We want to be the market leader not only in
numbers but also in quality. We want to grow stronger than our competitors.” 5

The firm aims to take market share from rivals by broadening its product offering
and looking beyond its traditional core package-holiday customers. It is




AREA
DO NOT WRITE IN THIS
targeting the larger and higher growth segments of the leisure market, such
as accommodation only,
flight only, car hire, tours and experiences.

Sebastian Ebel referred to these potential new customers as ‘energised adventurers’ and 10
‘travelistas’. Energised adventurers are older, confident, more affluent and
adventurous holidaymakers interested in culture and exploration. Travelistas are
younger, independent and adventurous travellers who spend less on a holiday but
travel more often.

TUI reported record holiday bookings for summer 2023 and 2024 now that global
travel restrictions have been lifted for consumers.

15
(Source: adapted from https://travelweekly.co.uk/news/air/jet2-has-done-very-well-filling-
gap-thomas-cook-left-says-tui-chief)


Extract B

Statement of comprehensive income of TUI Group Q3 2023 and Q3 2022
AREA
DO NOT WRITE IN THIS




Q3 2023 (€m) Q3 2022 (€m)

Revenue 5 286.0 4 433.2

Cost of sales 5 018.4 4 313.4

Gross profit 267.6 119.8

Operating profit/(loss) 52.5 (331.2)

2
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,May economics


(Source: adapted from: https://www.tuigroup.com/en-en/investors/news/2023/
ir-news/20230809)




3
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