12 marks
Read the following extract before answering.
Outline one risk taken by the owners when starting Last Course Patisserie.
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Enterprise & Entrepreneurship (Edexcel GCSE Business)
Topic Questions
21 mark
Which one of the following is an example of a reward from business activity?
Select one answer.
Financial loss
Increased overheads
Independence
Lack of security
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32 marks
Which two of the following are types of technology that could be used by a business?
Select two answers.
| A. | Consumer law | |
| B. | Crowd funding | |
| C. | Digital communication | |
| D. | Marketing mix | |
| E. | Payment systems |
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41 mark
State one role of an entrepreneur.
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51 mark
Mel is a sole trader selling candles made from natural ingredients.
Which one of the following is an example of a risk for Mel's business?
Mel has forecast that demand will rise over the next year
Mel has calculated a negative cash flow for June
Mel is anticipating that the cost of wax will fall next year
Mel has estimated that she will need to work an extra 15 hours per week to meet demand for her products
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62 marks
Outline one way a hairdressing business might add value to its service.
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72 marks
Outline one reason why a product or service may become obsolete.
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81 mark
State one way a fast food business can meet customer needs.
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91 mark
Which one of the following is not a method of adding value?
Product branding
Reducing prices
Differentiating the product
Providing high quality customer service
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101 mark
State one purpose of business activity.
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112 marks
Outline one reason why a business may adapt an existing product.
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122 marks
Which two of the following would be examples of adapting a product for a bakery?
Select two answers.
A. Advertising a product
B. Increasing portion sizes
C. Changing the price of its sandwich range
D. Training staff to serve customers more quickly
E. Changing the recipe of baked goods to cater for gluten-free diets
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1
9 marks
9 marksRead the following extract before answering.
In order to increase the number of desserts that can be produced to meet the extra demand, Last Course Patisserie is considering two options:
Option 1: investing in new machinery
Option 2: employing more staff.
Justify which one of these two options Last Course Patisserie should choose.
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29 marks
9 marksRead the following extract before answering.
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.
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312 marks
Read the following extract before answering.
Evaluate the importance of Justin Carr's entrepreneurial roles to the success of That Feeling. You should use the information provided as well as your knowledge of business.
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13 marks
3 marksExplain one benefit to a small business of having a unique selling point.
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23 marks
3 marksExplain one reason why new business ideas come about.
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36 marks
6 marksDiscuss the impact on a small business of failing to meet customers' needs.
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43 marks
3 marksExplain one reward of starting up a business.
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53 marks
3 marksExplain one reason why a business may decide to change a brand name.
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63 marks
3 marksExplain one way a change of technology can create a business opportunity.
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73 marks
3 marksExplain one role of an entrepreneur.
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83 marks
3 marksExplain one reason why someone might want to set up their own business.
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93 marks
3 marksExplain one reason why a market may be described as 'dynamic'.
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106 marks
6 marksDiscuss the impact of entrepreneurial roles on the success of a start-up business.
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116 marks
6 marksRead the following extract before answering.
Analyse the impact on Sports Tours Ltd of operating in a dynamic market.
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126 marks
6 marksRead the following extract before answering.
Analyse the impact on Last Course Patisserie of adding value to its products.
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