Business 1BS0/02 November 2020 | Edexcel GCSE Past Papers With Mark Scheme

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1. Business Finance and Investment – External sources of finance, importance of retained profit, calculations for gross profit and net profit, financial impact of withdrawing a product in its decline phase.

2. Operations and Production – Effects of batch production, impact of supplier reliability on business operations, benefits of automation and lean production.

3. Marketing and Branding – Product differentiation advantages and drawbacks, effectiveness of viral advertising, pricing strategy considerations for new product launches.

4. Human Resources and Employee Relations – Benefits of permanent vs. temporary contracts, impact of poor communication on business efficiency, role of employee motivation in productivity.

5. Economic Environment and Global Trade – Impact of globalization on businesses, effects of trade barriers and tariffs, market share competition among large firms.

6. Strategic Business Decisions – Advantages and disadvantages of public limited company (PLC) status, methods to regain lost market share, influence of pressure groups on corporate policies.

Edexcel GCSE Business (1BS0) Nov 2020

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Classification: Edexcel Paper 2

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Last update: 2 months ago

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Business 1BS0/02 November 2020 | Edexcel GCSE Past Papers With Mark Scheme

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