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

Edexcel B AS Paper 1, June 2018

All 11 written questions from Edexcel B AS Paper 1 (June 2018), Markets, consumers and firms. Case studies: Student bodybuilders bulked up by selling proteins to gym…, People in the UK who let out their homes on Airbnb get a £1… and Green and clean. 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

Student bodybuilders bulked up by selling proteins to gym fans

Extracts: A: Student bodybuilders bulked up by selling proteins to gym fans

In the extracts: Elliot, Adam, SSL, Guildford College of Law, Sports Supplements Ltd, Elliot Dawes and Adam, Elliot and Adam, UK and Europe, Robert Easton, Bulk Powders

Q1(a)Define2 marks

What is meant by the term ‘entrepreneur’?

Mark splitKnowledge 2

TopicEnterprise, business and the economy

Question paper p.3 Mark scheme p.4 Examiner report p.4 Open in the tool

Q1(b)Calculate4 marks

Calculate, to 2 decimal places, the gross profit margin for SSL in 2015. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicRevenue, costs, profits and cash

Question paper p.3 Mark scheme p.4 Examiner report p.5 Open in the tool

Q1(c)Explain4 marks

Explain the opportunity cost for Elliot and Adam of setting up SSL.

Mark splitKnowledge 1Application 2Analysis 1

TopicScarcity, choice and potential conflicts

Question paper p.4 Mark scheme p.5 Examiner report p.7 Open in the tool

Q1(d)Discuss8 marks

Discuss the benefits of limited liability to Elliot and Adam when operating SSL.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicEnterprise, business and the economy

Question paper p.5 Mark scheme p.6 Examiner report p.9 Open in the tool

Q1(e)12 marks

Elliot and Adam were refused a bank loan when they started their business in 2005. With reference to Extract A, assess if the bank made the right decision.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicThe role of credit in the economy

Question paper p.7 Mark scheme p.8 Examiner report p.12 Open in the tool

Section B

Case study

People in the UK who let out their homes on Airbnb get a £1 000 tax break

Extracts: B: People in the UK who let out their homes on Airbnb get a £1 000 tax break · C: The Airbnb boom in numbers · D: Brighton boom

In the extracts: Airbnb, London, Brighton, Amanda, York, Brighton-based Amanda Sagar, London and Amanda, Number of Airbnb, Reservations, Specialised

Q2(a)Define2 marks

What is meant by the term ‘regulation’?

Mark splitKnowledge 2

TopicEnterprise, business and the economy

Question paper p.11 Mark scheme p.10 Examiner report p.16 Open in the tool

Q2(b)Illustrate4 marks

Tax breaks have been introduced to micro-entrepreneurs who offer accommodation. Using a supply and demand diagram, illustrate the likely impact of this on the market for accommodation offered by micro-entrepreneurs.

Mark splitKnowledge 2Application 1Analysis 1

TopicEnterprise, business and the economyIntroducing the market

Question paper p.11 Mark scheme p.10 Examiner report p.17 Open in the tool Draw it: supply and demand diagram

Q2(c)Calculate4 marks

Calculate, to 2 decimal places, the percentage change in the number of Airbnb listings in London between July 2015 and September 2016 (Extract C). You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicEnterprise, business and the economy

Question paper p.12 Mark scheme p.11 Examiner report p.19 Open in the tool

Q2(d)Discuss8 marks

Extract B gives examples of standard and unusual Airbnb accommodation. Discuss the extent to which the type of accommodation might determine the price set by Airbnb hosts.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicEnterprise, business and the economy

Question paper p.13 Mark scheme p.12 Examiner report p.20 Open in the tool

Q2(e)12 marks

With reference to Extract D, assess Airhead’s potential for growth.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicEnterprise, business and the economy

Question paper p.15 Mark scheme p.14 Examiner report p.23 Open in the tool

Section C

Case study

Green and clean

Extracts: E: Green and clean

In the extracts: Wheelie Wash, Macclesfield, Paul Wilson, Customers, Cheshire, One-off, Unlike, Green

Q3Evaluate20 marks

Evaluate the importance of market research to the success of a business such as Will’s Wheelie Wash.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicEnterprise, business and the economy

Question paper p.18 Mark scheme p.16 Examiner report p.26 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

Student bodybuilders bulked up by selling proteins to gym fans

Section B

People in the UK who let out their homes on Airbnb get a £1 000 tax break

Section C

Green and clean

Other years of Edexcel B AS Paper 1

Topics on this paper