Paper 1: Markets, consumers and firms · 8EB0/01

Edexcel B AS Paper 1, June 2016

All 11 written questions from Edexcel B AS Paper 1 (June 2016), Markets, consumers and firms. Case studies: Canada’s Top Exports in 2014, MPs pass legislation to introduce standardised cigarette… and One Pro cycling team attracts supermarket sponsor. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Case study

Canada’s Top Exports in 2014

Extracts: B: Canada’s Top Exports in 2014 · C: A Success Story

In the extracts: Canadian, Canada, Timber Plastics Electronic, Vehicles Cereals Machines, Success Story Established, USA and South America, Located in Vancouver, Canada Top Exports, Probyn Export Ltd, Daniel Workman

Q1(a)Define2 marks

What is meant by the term ‘exchange rate’?

Mark splitKnowledge 2

TopicLife in a global economy

Question paper p.5 Mark scheme p.4 Examiner report p.4 Open in the tool

Q1(b)Illustrate4 marks

Increasing numbers of American homes are being built using native Canadian timber. Using a supply and demand diagram, illustrate the likely impact of this on Probyn Export Ltd.

Mark splitKnowledge 2Application 1Analysis 1

TopicIntroducing the market

Question paper p.5 Mark scheme p.4 Examiner report p.5 Open in the tool Draw it: supply and demand diagram

Q1(c)Explain4 marks

Explain one possible factor that may cause a shift in the supply curve for cereals.

Mark splitKnowledge 1Application 2Analysis 1

TopicIntroducing the market

Question paper p.6 Mark scheme p.5 Examiner report p.7 Open in the tool

Q1(d)Discuss8 marks

The sales of timber exports have increased by 49.4%. Discuss the extent to which Probyn Export Ltd may experience stakeholder conflict.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicEnterprise, business and the economy

Question paper p.7 Mark scheme p.6 Examiner report p.8 Open in the tool

Q1(e)Assess12 marks

With reference to Extracts A and B, assess the potential effects on Canadian firms of changes in the wider economic environment.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicLife in a global economyThe economic cycle

Question paper p.8 Mark scheme p.8 Examiner report p.10 Open in the tool

Section B

Case study

MPs pass legislation to introduce standardised cigarette packaging

Extracts: D: MPs pass legislation to introduce standardised cigarette packaging · E: Every playground in the borough is set to be smoke free

In the extracts: England, Islington Council, World Trade Organisation, Councillor Claudia Webbe, Cancer Research UK, Imperial Tobacco, Smoking-related, Harpal Kumar, Australian, Ireland

Q2(a)Define2 marks

What is meant by the term ‘social costs’?

Mark splitKnowledge 2

TopicMarket failure and government intervention

Question paper p.12 Mark scheme p.10 Examiner report p.12 Open in the tool

Q2(b)Calculate4 marks

Calculate, to 2 decimal places, the percentage change in the number of adults smoking between 1974 and 2013 (Extract D). You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicBusiness growth and competitive advantageGlobalisation

Question paper p.12 Mark scheme p.10 Examiner report p.13 Open in the tool

Q2(c)Explain4 marks

Explain one possible reason why governments have intervened in the packaging of cigarettes.

Mark splitKnowledge 1Application 2Analysis 1

TopicBusiness growth and competitive advantageGlobalisation

Question paper p.13 Mark scheme p.11 Examiner report p.14 Open in the tool

Q2(d)Discuss8 marks

Discuss the potential impact on the demand for cigarettes of introducing standardised packaging.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicIntroducing the market

Question paper p.14 Mark scheme p.11 Examiner report p.16 Open in the tool

Q2(e)Assess12 marks

The external costs of smoking can cause market failure. Assess whether a smoking ban in playgrounds is the most effective method to correct this form of market failure.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicMarket failure and government intervention

Question paper p.15 Mark scheme p.13 Examiner report p.18 Open in the tool Practise the negative externality diagram

Section C

Q3Evaluate20 marks

Evaluate the importance of market segmentation for Tesco when developing a new range of clothing.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicIntroducing the market

Question paper p.18 Mark scheme p.15 Examiner report p.20 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

Canada’s Top Exports in 2014

Section B

MPs pass legislation to introduce standardised cigarette packaging

Section C

One Pro cycling team attracts supermarket sponsor

Other years of Edexcel B AS Paper 1

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