Paper 1 - Investigating small business (Pearson Edexcel GCSE 1BS0/01) - Exam

Sep 5, 2026

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GCSE Business exam paper focused on investigating small businesses, covering knowledge and application questions on variable costs and identifying market segments. It includes sections requiring selected-answer responses (with cross marks) and longer written explanations on risks faced by entrepreneurs when starting new ventures and ways small businesses can add value to products. The paper specifies a total of 90 marks, a time allowance of 1 hour 30 minutes, and standard instruction guidance for candidate information, pen use, and completing answers in provided spaces.

LanguageEnglish

CategoryExam

FormatPDF

Pages24

Reading Time1 h 0 min

AccessFree to download

SECTION A

Answer ALL questions

1(a) Variable cost

1(b) Identify a market segment

1(c) Risk for an entrepreneur

1(d) Add value to a product

Please check the examination details below before entering your candidate information | Candidate surname | Other names | | --- | --- | Centre Number Candidate Number | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | Pearson Edexcel Level 1/Level 2 GCSE (9–1) | Time 1 hour 30 minutes | Paper reference

1BS0/01 | | | --- | --- | --- | | Business | |
􀂡 􀂡 | | PAPER 1: Investigating small | | business | You do not need any other materials. Total Marks Instructions • Use black ink or ball-point pen. • Fill in the boxes at the top of this page with your name, centre number and candidate number. • Answer all questions. • Answer the questions in the spaces provided – there may be more space than you need. • Calculators may be used . • You are advised to show all your working out with your answer clearly identified at the end of your solution. Information • The total mark for this paper is 90. • The marks for each question are shown in brackets – use this as a guide as to how much time to spend on each question. Advice • Read each question carefully before you start to answer it . • Try to answer every question . • Check your answers if you have time at the end . Turn over P65561A ©2022 Pearson Education Ltd. Q:1/1/1/1/ *P65561A0124* SECTION A Answer ALL questions. Write your answers in the spaces provided. Some questions must be answered with a cross in a box . If you change your mind about an answer, put a line through the box and then mark your new answer with a cross . 1 (a) Which one of the following is an example of a variable cost? (1) Select one answer. A Insurance B Packaging C Rent D Salaries (b) Which one of the following could be used to identify a market segment? (1) Select one answer. A Demographics B Inflation C Marketing mix D Revenue 2 *P65561A0224* 􀂄􀂄􀂄􀂄 (c) Explain one risk for an entrepreneur when starting a new business. (3) ............................................................................................................................... ............................................................................................................................... ...................... ............................................................................................................................... ............................................................................................................................... ...................... ............................................................................................................................... ............................................................................................................................... ...................... ............................................................................................................................... ............................................................................................................................... ...................... ............................................................................................................................... ............................................................................................................................... ...................... ............................................................................................................................... ............................................................................................................................... ...................... ............................................................................................................................... ............................................................................................................................... ..............

FAQs

How long is the exam and what is the paper reference?

The exam lasts 1 hour 30 minutes. The paper reference shown is 1BS0/01.

What question types are included in Section A?

Section A includes questions answered by selecting an option with a cross in a box, as well as written responses in the provided space.

What topics are assessed in Q1(a) to Q1(d)?

Q1(a) tests an example of a variable cost, Q1(b) tests identifying a market segment, Q1(c) asks for a risk to an entrepreneur starting a new business, and Q1(d) asks for a way a small business can add value to a product.

Sep 5, 2026

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