The GCSE Business J204/02 (2020) paper assesses operations, finance, and external business influences. Section A addresses key topics such as liquidity, variable costs, and cash flow. Section B provides case studies on John Lewis & Partners, Luxury Cushions, and Aston Martin plc, examining supply chain management, financing options, sustainability, and globalisation. Key concepts include break-even analysis, procurement, ethical considerations, and economic impacts. The paper emphasizes data interpretation, critical thinking, and the practical application of business principles to real-world contexts.