[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-207560-en":3,"doc-seo-207560-105":30,"detail-sidebar-cat-0-en-105":82},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},207560,137451211410,"\tCallum ","https://ap-avatar.wpscdn.com/avatar/2000bb0a9246f588df?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786362646172706240",4,"Exam","GCSE Business Paper 1 - Practice Questions, Mark Schemes, Model Answers with Examiner Commentary - Set 3","GCSE (9-1) Business Paper 1 set 3 presents practice questions based on an extract describing Holly Tucker’s entrepreneur ventures, including the successful online gift business Notonthehighstreet and the new small-business initiative Holly & Co. Learners answer questions 1–5 covering a non-financial aim, analysis of micro and small business trends, variable costs, percentage change calculations, risk, the purpose of market research, and added value through enterprise.","GCSE (9-1) Business  \nPaper 1 Practice Questions, Mark Schemes, Model Answers with Examiner Commentary Set 3  \n© artwork: Mark Bolitho | Origami photography Pearson Education Ltd/Naki Kouyioumtzis  \nAnswer ALL questions.  \nRead the following extract carefully and then answer Questions 1-5.  \nWrite your answers in the spaces provided.  \nHolly Tucker is an entrepreneur who founded the online business ‘Notonthehighstreet’ 15 years ago. This business sells original gifts that are typically not available in high street stores and is very successful.  \nAfter carrying out market research into small businesses, Holly has now created a new business – Holly & Co – which has been designed to support other small businesses. Holly & Co has four core missions to encourage entrepreneurship and the growth of small businesses:  \n• Do what you love – we want to help everyone build a business doing what they love  \n• Female Founders – empowering female founders in a male-dominated landscape  \n• Shop Independent – inspiring everyone to vote with their money and shop independent  \n• Kidpreneurs – supporting the next generation of founders  \nThese are shown on the business website.  \nFigure 1: Extract from the Holly & Co website  \nHolly & Co sells products such as cards and stationery, clothing, books and accessories that promote small business. For example, it sells a stationery collection that promotes ‘Be your own boss’. This fits in with the mission of Holly & Co to promote enterprise and entrepreneurship.  \nFigure 2 : Example of stationery collection  \n| Question | Command word | Specification reference | Topic area | Sub-topic |\n| --- | --- | --- | --- | --- |\n| 1 | State | 1.3.2 | Business revenue, costs and profits | Variable costs |\n| 2(a) | Calculate |  | Calculations | Calculating\u003Cbr>percentage change |\n| 2(b) | Calculate |  | Calculations | Calculating\u003Cbr>percentage change |\n| 3 | Outline | 1.1.2 | Risk and reward | Risk |\n| 4 | Analyse | 1.2.2 | Market research | The purpose of market research |\n| 5 | Justify | 1.1.3 | The role of business enterprise | Added value |\n\n1. State one non-financial aim that Holly may have is starting Holly & Co.  \n(1)  \n................................ ................................ ................................ ................................ .................  \n................................ ................................ ................................ ................................ .................  \n................................ ................................ ................................ ................................ .................  \nTable 1 shows information on the number of micro and small businesses in the UK. Micro businesses have between 1-9 employees. Small businesses have between 10-49 employees.  \n\n|  | ‘000s |  |  |  |  |\n| --- | --- | --- | --- | --- | --- |\n|  | 2015 | 2016 | 2017 | 2018 | 2019 |\n| Micro businesses (1-9 employees) | 1 069 | 1 081 | 1 118 | 1 137 | 1 155 |\n| Small businesses (10-49 employees) | 204 | 204 | 208 | 210 | 211 |\n\n(Source: [https://www.gov.uk/government/publications/business-population-estimates-2019/business-population-estimates-for-the-uk-and](https://www.gov.uk/government/publications/business-population-estimates-2019/business-population-estimates-for-the-uk-and)regions-2019-statistical-release-html)  \n2 (a) Using the information in Figure 1, calculate to 2 decimal places the percentage increase in the number of small businesses between 2015 and 2019.  \n(2)  \n....................%  \n(b) Using the information in Figure 1, calculate to 2 decimal places, the percentage increase in the number of micro businesses between 2015 and 2019.  \n(2)  \n....................%  \n3. Outline one risk to Holly in starting Holly & Co.  \n(2)  \n................................ ................................ ................................ ................................ .................  \n................................ .............................","cbCaifKBJwFGthyl","https://ap.wps.com/l/cbCaifKBJwFGthyl","pdf",661940,1,16,"English","en",105,"# Answer Questions 1-5\n## Scenario: Holly & Co extract\n## Question 1: Non-financial aim\n## Question 2: Percentage increase (micro and small businesses)\n## Question 3: Risk to Holly\n## Question 4: Benefits of market research\n## Question 5: Added value","[{\"question\":\"Why is conducting market research beneficial before starting Holly \\u0026 Co?\",\"answer\":\"Market research helps Holly understand customer needs and demand, reducing uncertainty and improving decisions about products, targeting, and how the business can create value for small businesses.\"}]","GCSE Business Paper 1 - Practice Questions, Mark Schemes, Model Answers with Examiner Commentary - Set 3 | PDF",1788599999,40,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":77,"head_meta":79,"extra_data":81,"updated_unix":28},"gcse-business-paper-1-practice-questions-mark-schemes-model-answers-with-examiner-commentary-set-3","",{"@graph":36,"@context":76},[37,53,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/exam/",3,{"item":52,"name":13,"@type":43,"position":11},"https://docshare.wps.com/document/gcse-business-paper-1-practice-questions-mark-schemes-model-answers-with-examiner-commentary-set-3/207560/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-09-05",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70],{"name":71,"@type":72,"acceptedAnswer":73},"Why is conducting market research beneficial before starting Holly & Co?","Question",{"text":74,"@type":75},"Market research helps Holly understand customer needs and demand, reducing uncertainty and improving decisions about products, targeting, and how the business can create value for small businesses.","Answer","https://schema.org",{"og:url":52,"og:type":78,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":80,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":83},[84,88,92,95,100,105,109,114,119,122,126],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":93,"slug":94},70,"exam",{"id":96,"doc_module":4,"doc_module_name":46,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":29,"slug":108},7,"Healthcare","healthcare",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},8,"Research & Report",30,"research-report",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":46,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":96,"slug":129},19,"General","general"]