AQA A LEVEL BUSINESS PAPER 1
BUSINESS 1 MAY 14 2025 MERGED
QUESTION PAPER AND MARK
SCHEME 2026 COMPLETE
QUESTIONS AND VERIFIED
ANSWERS GRADED A+
◉ Purpose of Business. Answer: The reason for which a business exists,
including generating profit and fulfilling customer needs.
◉ Goods vs Services. Answer: Goods are tangible products, while
services are intangible products.
◉ Profit vs Non-Profit. Answer: Objectives vary depending on the type
of organisation, with profit-oriented businesses focusing on financial
gain and non-profits focusing on social goals.
◉ Mission Statements. Answer: Statements that outline business aims
and values.
◉ Business Objectives. Answer: Goals that a business aims to achieve,
such as profit, growth, survival, cash flow, and social/ethical goals.
◉ SMART objectives. Answer: Objectives that are Specific,
Measurable, Achievable, Relevant, and Time-bound.
BUSINESS 1 MAY 14 2025 MERGED
QUESTION PAPER AND MARK
SCHEME 2026 COMPLETE
QUESTIONS AND VERIFIED
ANSWERS GRADED A+
◉ Purpose of Business. Answer: The reason for which a business exists,
including generating profit and fulfilling customer needs.
◉ Goods vs Services. Answer: Goods are tangible products, while
services are intangible products.
◉ Profit vs Non-Profit. Answer: Objectives vary depending on the type
of organisation, with profit-oriented businesses focusing on financial
gain and non-profits focusing on social goals.
◉ Mission Statements. Answer: Statements that outline business aims
and values.
◉ Business Objectives. Answer: Goals that a business aims to achieve,
such as profit, growth, survival, cash flow, and social/ethical goals.
◉ SMART objectives. Answer: Objectives that are Specific,
Measurable, Achievable, Relevant, and Time-bound.
