Paper 1: Markets and how they work · 9EB0/01

Edexcel B A-level Paper 1, November 2021

All 10 written questions from Edexcel B A-level Paper 1 (November 2021), Markets and how they work. Case studies: It has no high street shops and few people over the age of…, UK will be left underwater in 80 years’ time and Leading social networks’ market share of website visits in…. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme

Summer exams were cancelled, so this paper was sat in the autumn series. The paper itself is headed with the original summer date.

Section A

Case study

It has no high street shops and few people over the age of 40 will have even heard of

Extracts: A: Boo who? · B: Selected financial information from Boohoo UK Limited’s statement of · C: The story of a £4 Boohoo dress: cheap clothes at a high cost · D: The life cycle of a fast fashion dress · E: A 1p Tax on Fast Fashion

In the extracts: Boohoo, Carol Kane, Manchester, SCAP, Fast, Corporate Social Responsibility, Environmental Audit Committee, Manchester Fashion Institute, Sustainable Clothing Action, Leicester and Manchester

Q1(a)Explain4 marks

Explain one way creative destruction might have affected the clothing market.

Mark splitKnowledge 1Application 2Analysis 1

TopicEnterprise, business and the economyMarket failure and government intervention

Question paper p.7 Mark scheme p.4 Open in the tool

Q1(b)Calculate4 marks

Using Extract B, calculate, to 2 decimal places, Boohoo’s gross profit margin for 2019. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicRevenue, costs, profits and cash

Question paper p.8 Mark scheme p.5 Open in the tool

Q1(c)Calculate4 marks

Using Extract B, calculate, to two decimal places, the average revenue per item sold in 2019. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicRevenue, costs, profits and cash

Question paper p.9 Mark scheme p.6 Open in the tool

Q1(d)Analyse6 marks

Analyse two advantages of division of labour to manufacturers in the clothing industry.

Mark splitKnowledge 2Application 2Analysis 2

TopicScarcity, choice and potential conflicts

Question paper p.10 Mark scheme p.7 Open in the tool

Q1(e)Discuss8 marks

Using a supply and demand diagram, discuss the likely effect on the UK clothing market of a 1p tax on clothing.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicIntroducing the market

Question paper p.11 Mark scheme p.8 Open in the tool Draw it: indirect tax diagram

Q1(f)Assess10 marks

Assess the likely implications of using share capital to fund expansion for a firm such as Boohoo.

TopicEnterprise, business and the economyMarket failure and government intervention

Question paper p.13 Mark scheme p.10 Open in the tool

Q1(g)Assess12 marks

Assess the extent to which enterprise is the most important factor of production for the success of Boohoo.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicScarcity, choice and potential conflictsEnterprise, business and the economy

Question paper p.15 Mark scheme p.12 Open in the tool

Q1(h)Assess12 marks

Assess the extent to which there is a trade-off between Corporate Social Responsibility (CSR) and profitability for a firm such as Boohoo.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicScarcity, choice and potential conflictsRevenue, costs, profits and cash

Question paper p.17 Mark scheme p.14 Open in the tool

Section B

Case study

UK will be left underwater in 80 years’ time

Extracts: F: UK will be left underwater in 80 years’ time · G: Climate talks break up with no agreement on carbon trading

In the extracts: Climate Central, Liverpool, Britain, Peterborough and Norfolk, Greenpeace International, Swansea and North Wales, East Yorkshire and Hull, London and Humberside, Jennifer Morgan, Dr Scott Kulp

Q2Evaluate20 marks

Using a suitable diagram, evaluate the extent to which tradable pollution permits are the most effective way to reduce environmental damage in the UK.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicMarket failure across the economyMarket failure and government intervention

Question paper p.21 Mark scheme p.16 Open in the tool Draw it: negative externality diagram

Section C

Q3Evaluate20 marks

Evaluate the extent to which WT.Social will be able to successfully enter the UK social media market.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicIntroducing the market

Question paper p.26 Mark scheme p.19 Open in the tool

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

It has no high street shops and few people over the age of 40 will have even heard of

Section B

UK will be left underwater in 80 years’ time

Section C

Leading social networks’ market share of website visits in the UK in December 2019

Other years of Edexcel B A-level Paper 1

Topics on this paper