2024 Pearson Edexcel Level 1/Level 2 GCSE
Business 1BS0/01 PAPER 1: Investigating small
business.
Question Paper & Marking Scheme Merged
Pearson Edexcel Level 1/Level 2 GCSE (9–1)
Tuesday 14 May 2024
reference 1BS0/01
Paper
Afternoon (Time: 1 hour 45 minutes)
Business
PAPER 1: Investigating small business
You must have: Total Marks
Source Booklet (enclosed)
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name,
• centre number and candidate number.
• There are three sections in this paper. Answer
all questions in the spaces provided
• – there may be more space than you need.
• Calculators may be used.
You are advised to show all your working out with your answer
clearly identified at the end of your solution.
Information
• The total mark for this paper is 90.
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
1 (a) Which one of the following is a way of segmenting a market?
(1)
Select one answer.
A Cost
B Income
C Media
D Profit
(b) Which one of the following is a definition of insolvency?
(1)
DO NOT WRITE IN THIS AREA
Select one answer.
A Business failure due to unpaid debts
B Credit offered by suppliers
C The cost of borrowing money
D When two businesses join together
DO NOT WRITE IN THIS AREA
2
*P75525A0224*
, (c) Explain one disadvantage of starting a business as a partnership.
(3)
DO NOT WRITE IN THIS AREA
....................................................................................................................................................................................................................................................................................
DO NOT WRITE IN THIS AREA
(d) Explain one advantage to customers from increased competition.
(3)
....................................................................................................................................................................................................................................................................................
DO NOT WRITE IN THIS AREA
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