AQA A LEVEL BUSINESS PAPER 1
BUSINESS 1 WEDNESDAY 14 MAY
2025 FULL EXAM PAPER AND MARK
SCHEME WITH ACCURATE
SOLUTIONS GRADE A+
◉ Budgets. Answer: Agreed ceiling on the monthly spending by any
department or manger.
◉ Corporate Objectives. Answer: Targets for the whole business, such
as profits to rise by 20% a year for the next 3 years.
◉ Delegated. Answer: Having passed authority down the hierarchy so
that the local or more expert person makes the decision.
◉ Entrepreneur. Answer: Person with the initiative and drive to make a
business idea happen.
◉ Mission. Answer: Business aim expressed to make it seem especially
purposeful and motivating.
◉ Mission Statement. Answer: A short, powerful expressed sentence or
two that explains the business aims clearly yet motivationally.
, ◉ Objectives. Answer: Targets precise enough to allow praise or blame
for the person in charge.
◉ Profit Optimisation. Answer: The surplus of revenue over costs
should be just right; neither too high in the short term nor too low to
finance long term success.
◉ Strategy. Answer: Medium to long term plan for meeting objectives.
◉ What are the 4 business functions?. Answer: Marketing, People
(Human Resources), Finance and Operations.
◉ Why do businesses exist?. Answer: Human spirit, a sense of
adventure to lead people to what they can do, and to create income.
◉ Why do businesses set objectives?. Answer: Managers cannot set
every decision, and it contributes towards achieving goals.
◉ What are the benefit for setting objectives?. Answer: Motivating for
managers and for all staff to have a clear goal to aim towards. Also, they
are the basis for devising a strategy.
◉ common business objectives. Answer: Profit Maximization, Profit
Optimisation, Growth, Cash Flow, Survival and Social and Ethical.
BUSINESS 1 WEDNESDAY 14 MAY
2025 FULL EXAM PAPER AND MARK
SCHEME WITH ACCURATE
SOLUTIONS GRADE A+
◉ Budgets. Answer: Agreed ceiling on the monthly spending by any
department or manger.
◉ Corporate Objectives. Answer: Targets for the whole business, such
as profits to rise by 20% a year for the next 3 years.
◉ Delegated. Answer: Having passed authority down the hierarchy so
that the local or more expert person makes the decision.
◉ Entrepreneur. Answer: Person with the initiative and drive to make a
business idea happen.
◉ Mission. Answer: Business aim expressed to make it seem especially
purposeful and motivating.
◉ Mission Statement. Answer: A short, powerful expressed sentence or
two that explains the business aims clearly yet motivationally.
, ◉ Objectives. Answer: Targets precise enough to allow praise or blame
for the person in charge.
◉ Profit Optimisation. Answer: The surplus of revenue over costs
should be just right; neither too high in the short term nor too low to
finance long term success.
◉ Strategy. Answer: Medium to long term plan for meeting objectives.
◉ What are the 4 business functions?. Answer: Marketing, People
(Human Resources), Finance and Operations.
◉ Why do businesses exist?. Answer: Human spirit, a sense of
adventure to lead people to what they can do, and to create income.
◉ Why do businesses set objectives?. Answer: Managers cannot set
every decision, and it contributes towards achieving goals.
◉ What are the benefit for setting objectives?. Answer: Motivating for
managers and for all staff to have a clear goal to aim towards. Also, they
are the basis for devising a strategy.
◉ common business objectives. Answer: Profit Maximization, Profit
Optimisation, Growth, Cash Flow, Survival and Social and Ethical.
