Mark Scheme - Results - Paper 01: Investigating Small Businesses - November 2023

Sep 5, 2026

Mark scheme results for Pearson Edexcel International GCSE in Business (4BS1), Paper 01: Investigating Small Businesses, November 2023. Provides general marking guidance for consistent, positive assessment, use of the mark scheme over examiner perception, and handling of uncertainty and crossed-out work. Includes question-by-question expected answers and allocated marks covering financial statement elements, marketing mix, total monthly cost calculation, production capital intensity job roles, internal sources of finance, and weekly breakeven point reasoning.

LanguageEnglish

CategoryExam

FormatPDF

Pages23

Reading Time58 min

AccessFree to download

General Marking Guidance

Marking principles

Use of mark scheme and judgement

Handling crossed out work

Question Mark Tables

Financial position statement question

Marketing mix question

Total monthly cost question

Capital-intensive production job role

Internal source of finance

Weekly breakeven point

Mark Scheme ( Results) November 2023 Pearson Edexcel International GCSE In Business (4BS1) Paper 01: Investigating Small Businesses Edexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites [at](at www.edexcel.com or www.btec.co.uk. Alternatively)[ ](at www.edexcel.com or www.btec.co.uk. Alternatively)[www.edexcel.com](at www.edexcel.com or www.btec.co.uk. Alternatively)[ or](at www.edexcel.com or www.btec.co.uk. Alternatively)[ ](at www.edexcel.com or www.btec.co.uk. Alternatively)[www.btec.co.uk](at www.edexcel.com or www.btec.co.uk. Alternatively)[. Alternatively](at www.edexcel.com or www.btec.co.uk. Alternatively), you can get in touch with us using the details on our contact us page [at](at www.edexcel.com/contactus)[ ](at www.edexcel.com/contactus)[www.edexcel.com/contactus](at www.edexcel.com/contactus). Pearson: helping people progress, everywhere Pearson aspires to be the world’s leading learning company. Our aim is to help everyone progress in their lives through education. We believe in every kind of learning, for all kinds of people, wherever they are in the world. We’ve been involved in education for over 150 years, and by working across 70 countries, in 100 languages, we have built an international reputation for our commitment to high standards and raising achievement through innovation in education. Find out more about how we can help you and your students [at:](at: www.pearson.com/uk)[ ](at: www.pearson.com/uk)[www.pearson.com/uk](at: www.pearson.com/uk) November 2023 Question Paper Log Number P74633A Publications Code 4BS1_01_2311_MS All the material in this publication is copyright © Pearson Education Ltd 2023 General Marking Guidance • All candidates must receive the same treatment. Examiners must mark the first candidate in exactly the same way as they mark the last. • Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than penalised for omissions. • Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. • There is no ceiling on achievement. All marks on the mark scheme should be used appropriately. • All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate’s response is not worthy of credit according to the mark scheme. • Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited. • When examiners are in doubt regarding the application of the mark scheme to a candidate’s response, the team leader must be consulted. • Crossed out work should be marked UNLESS the candidate has replaced it with an alternative response. | Question Number | Which one of the following is shown on the statement of financial position?
Answer | Mark | | --- | --- | --- | | 1 (a) (i) | AO1-1 mark
The only correct answer is C
A is not the correct answer as sales is shown on the statement of comprehensive income
B is not the correct answer as cost of sales is shown on the statement of comprehensive income
D is not the correct answer as gross profit is shown on the statement of comprehensive income | (1) | | Question Number | Which one of the following is an element of the marketing mix?
Answer | Mark | | --- | --- | --- | | 1 (a) (ii) | AO1-1 mark
The only correct answer is A
B is not the correct answer as a partnership is when 2 or more people own a business together C is not the correct answer as production is the manufacturing of goods
D i

FAQs

What are the key principles for examiners when applying this mark scheme?

Examiners must treat all candidates the same, apply the mark scheme consistently, and mark positively for what candidates can do. Full marks should be awarded when answers match the scheme, and zero marks may be awarded when responses do not earn credit.

How should examiners mark when they are uncertain about applying the scheme?

When judgement is required and examiners doubt how to apply the mark scheme to a response, the team leader must be consulted.

Can crossed out work receive marks?

Crossed out work should be marked unless the candidate has replaced it with an alternative response.

Sep 5, 2026

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