Pearson Edexcel International GCSE Business Paper 1 - Investigating small businesses - Answer Sheet

Sep 5, 2026

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Business examination paper for Pearson Edexcel International GCSE focused on investigating small businesses. Includes instructions for candidates, total marks and time allocation, and requires answering all questions in provided spaces, including selecting options with crosses in boxes when directed. A scenario about As We Grow (AWG) in Iceland links ethics and environmental objectives to business decisions, followed by multiple-choice questions covering financial statement elements, marketing mix, cost calculations, production job roles, internal sources of finance, and break-even analysis.

LanguageEnglish

CategoryExam

FormatPDF

Pages20

Reading Time50 min

AccessFree to download

Instructions

Answering and marking guidance

Business context: As We Grow (AWG)

Multiple-choice questions

Formulas for International GCSE Business

Profitability, margins, markup and ratios

Questions (selected)

Statement of financial position and marketing mix

Total cost calculation

Job role and source of finance

Break-even point

Define profit

Define span of control

| Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number

Pearson Edexcel International GCSE
Monday 13 November 2023 Morning (Time: 1 hour 30 minutes) Paperreference
Business 􀃐 􀃐 PAPER 1: Investigating small businesses | | | --- | --- | | You do not need any other materials. | Total Marks | # Instructions • Use blackink 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 maybe more space than you need. # Information • The total mark for this paper is 80 . • The marks for each question are shown in brackets – use this as a guide as to how much time to spend on each question. • Calculators may be used . # 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 . P74633A ©2023 Pearson Education Ltd.Z:1/1/1/1/1/ *P74633A0120* Turn over # FORMULAE FOR INTERNATIONAL GCSE BUSINESS Gross profit margin: Gross profit = revenue – cost of salesGross profit margin = × 100 Operating profit margin: Operating profit = gross profit – other operating expensesOperating profit margin = × 100 Markup: Markup = × 100 Return on capital employed (ROCE): ROCE = operating profit × 100 capital employed Current ratio: Current ratio = current assets current liabilities Acid test ratio: Acid test ratio = current assets − inventory current liabilities 2 *P74633A0220* 􀂄􀂄􀂄􀂄 DO NOT WRITE TH AREIS TWR TE IN TH I ARETWR TE IN TH IS AREA DO NOT WRITE TH A EIS TW TE INTH I E TW TE IN TH IS AREA 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 ananswer, put a line through the box and then mark your new answer with a cross . 1 As We Grow (AWG) is a clothing business in Iceland. The social objective of thebusiness is to use natural materials, such as wool, and produce environmentallyfriendly products. It aims to design clothes that will last a long time, to encouragefamilies to buy fewer clothes and reduce waste in society. AWG’s increasing product range now includes jumpers, dresses, shirts and babyclothes. These are produced in small workshops that employ family and friends.Waste is kept to a minimum and any leftover material is used to make scarves andhats. The business has one store in Iceland. It uses its website to advertise and sellits clothing online to customers in other countries. The business has received theIcelandic Design Award for its contribution to the environment. (a) (i) Which one of the following is shown on the statement of financial position?Select one answer. (1) A Sales B Cost of sales C Current assets D Gross profit (ii) Which one of the following is an element of the marketing mix? Select one answer. (1) A Price B Partnership C Production D Profit 􀂄 􀂄 􀂄 􀂄 *P74633A0320* 3Turn over A business has fixed costs of £6 000 a month. Variable costs are £5 per unit and8,000 units are made each month. (iii) Which one of the following isthe total monthly cost?Select one answer. (1) A £ 6 005 B £14 000 C £30 000 D £46 000 (iv) Which one of the following job roles is most likely to be associated withcapital-intensive production? Select one answer. (1) A Hairdresser B Car assembly worker C Soft fruit picker D Chef (v) Which one of the following is an internal source of finance? Select one answer. (1) A Overdraft B Venture capital C Retained profit D Crowdfunding 4 *P74633A0420* 􀂄􀂄􀂄􀂄 DO NOT WRITE TH AREIS TWR TE IN TH I ARETWR TE IN TH IS AREA DO NOT WRITE TH A EIS

FAQs

What are the allowed materials and writing tools for this exam?

Use black ink or a ball-point pen. No other materials are required.

What business scenario is used in the questions?

The questions use As We Grow (AWG), a clothing business in Iceland with an environmental and social objective, selling items in Iceland and online to customers in other countries.

Which topics are covered besides the scenario-based questions?

The paper includes a set of key business formulas (margins, markup, ROCE, and ratios) and asks definition questions such as profit and span of control.

Sep 5, 2026

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