GCSE Business Mock Paper 1
A free GCSE Business mock with business calculations, key terms and a short case study with analyse and evaluate questions. Instant marking plus mark schemes.
- Time allowed
- 40 minutes
- Total marks
- 32
- Calculator
- Allowed
Instructions
- You may use a calculator.
- Type only the number for calculations.
- Longer answers are marked by you against a mark scheme after you finish.
Suitable for AQA, Edexcel. Written by MockNine; not an official exam board paper.
Your result
| Topic | Progress | Marks |
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The estimated grade uses typical grade boundaries. Real boundaries are set after each exam and change every year. Scroll down to see a worked answer under every question.
1
(a)A business sells 500 units at £12 each. Calculate its revenue.
(b)Its total costs are £4500. Calculate its profit.
(c)Fixed costs are £2000, the selling price is £10 and variable cost per unit is £6. Calculate the break-even output.
(d)Gross profit is £3000 and revenue is £12 000. Calculate the gross profit margin.
(e)Sales rise from £80 000 to £100 000. Calculate the percentage increase.
(f)Opening balance is £1000, cash inflows are £4000 and cash outflows are £4500. Calculate the closing balance.
2
(a)Which type of business has unlimited liability?
(b)Which type of business can sell shares to the general public on the stock exchange?
(c)Making a single, unique item to a customer's order is called…
3
(a)Which of these is one of the 4Ps of the marketing mix?
(b)Which of these is primary market research?
(c)Filling a job by appointing someone who already works for the business is called…
4
Case study: Bean There is a small independent café in a busy town centre, owned by a sole trader. It sells coffee, cakes and lunches. Sales have been flat for a year. The owner is considering two options to grow: (1) opening a second café in a nearby town, costing £60 000, or (2) selling packaged coffee beans online through its own website.
Analyse the benefits and drawbacks to Bean There of using social media to promote the café.
Evaluate which option Bean There should choose to grow the business. Justify your answer.
END OF QUESTIONS