Business edexcel gcse Study guides, Class notes & Summaries

Pearson Edexcel International GCSE || Economics PAPER 1: Microeconomics and Business Economics|| QUESTION PAPER November 2023

Financial aims and objectives Are linked to money. Their goal is to either make sure the business can afford to keep running or help it to make a profit. Survival Is a very common objective for a small business. Business survival refers to keeping the business operating for a certain amount of time. Most businesses initially aim to survive their first year. Profit Refers to any money left over after all costs have been taken away from any revenue made by a business. Businesses usual...

Business Edexcel GCSE Theme 1 questions and answers graded A+. Why lnew lbusiness lideas lcome labout l- l lcorrect lanswer. l l lchanges lin ltechnology changes lin lwhat lconsumers lwant products land lservices lbecoming lobsolete. How lnew lbusiness lideas lcome labout l- l lcorrect lanswer. l l loriginal lideas adapting lexisting lproducts/services risks lof lbusiness lactivity l- l lcorrect lanswer. l l lbusiness lfailure financial lloss lack lof lsecurity r...

MAY-JUNE SERIES EDEXCEL GCSE BUSINESS MARK SCHEME PAPER 2A BUILDING A BUSINESS Mark scheme Section A Question Number Answer Mark 1 (a) A (1) AO1a Question Number Answer Mark 1 (b) C (1) AO1a Question Number Answer Mark 1 (c) Award 1 mark for identification of an impact, plus 2 further marks for explaining this impact up to a total of 3 marks. Productivity can be increased (1) as technology can speed up the production process (1) therefore reducing the unit cost of making an i...

NEW 2023 MAY-JUNE SERIES EDEXCEL GCSE BUSINESS MARK SCHEME PAPER 1B INVESTIGATING SMALL BUSINESS Mark scheme Section A Question Number Answer Mark 1 (a) C (1) AO1a Question Number Answer Mark 1 (b) B (1) AO1a Question Number Answer Mark 1 (c) Award 1 mark for identification of an advantage, plus 2 further marks for explaining this advantage, up to a total of 3 marks. Limited liability means that the owners (shareholders) can only lose the money invested in the business if it fai...

Business Edexcel GCSE Theme 1 Exam QUESTIONS & ANSWERS 2024( A+ GRADED 100% VERIFIED)

2024 Business Edexcel GCSE Theme 1 Latest Questions and Answers (Verified by Expert)

What is internal (organic) growth + its methods - ANSWER-when a business expands by growing its own activities -new products (innovation, research and development) -new markets (through changing the marketing mix or taking advantage of technology and/or expanding overseas) advantages and disadvantages of organic growth - ANSWER-+ less risky as the business grows by doing what it is already good at so retains its culture, economies of scale, higher market share and sales - growth is slower ...

GCSE EDEXCEL May 2024 Business Paper 1 Actual Mark Scheme