sample_practiceexamquestionanswers

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Unit 1: Practice exam question answers (1)
Question Number
Answer
1
a) Cost of coffee beans
1
2
a) Trade credit, and e) Bank overdraft
2
3
b) Owned by shareholders, and c) Limited liability
2
4
b) Offering a 24-hour call-out service
1
5
b) Families in private rented housing, and e) Students living in
rented accommodation
2
6
a) Fixed costs increased by 25%, e) Rent increased by £500, and
f) Variable costs more than doubled
3
7
c) Copyright
1
8
c) A willingness to take risks, and d)The ability to think ahead
2
9
b) Qualitative
1
10
c) There is a 40% chance that the investment will lead to higher
sales in Year 1
1
11
d) Promotion, and e) Product
2
12
a) Corporation tax, c) Value Added Tax (VAT), and f) National
Insurance Contributions
3
13
c) Application Form, and d)Job Description
2
14
c) Increased pressure to reduce prices, and e) Lower sales
revenue due to rising unemployment
2
15
a) Improved cash flow position, and c) Lower fixed costs due to
lower loan repayments
2
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Edexcel GCSE Business Studies Unit 1 Exam Preparation
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