Pearson Edexcel GCSE In Business

Mark Scheme (Results) Summer 2024 Pearson Edexcel GCSE In Business (1BS0) Paper 01 Investigating small business Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world’s leading learning company. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information, please visit our website at . Our website subject pages hold useful resources, support material and live feeds from our subject advisors giving you access to a portal of information. If you have any subject specific questions about this specification that require the help of a subject specialist, you may find our Ask The Expert email service helpful. Pearson: helping people progress, everywhere Our aim is to help everyone progress in their lives through education. We believe in every kind of learning, for all kinds of people, wherever they are in the world. We’ve been involved in education for over 150 years, and by working across 70 countries, in 100 languages, we have built an international reputation for our commitment to high standards and raising achievement through innovation in education. Find out more about how we can help you and your students at: Summer 2024 Question Paper Log Number P75525A Publications Code 1BS0_01_2406_MS All the material in this publication is copyright © Pearson Education Ltd 2024 General Marking Guidance • All candidates must receive the same treatment. Examiners must mark the first candidate in exactly the same way as they mark the last. • Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than penalised for omissions. • Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. • There is no ceiling on achievement. All marks on the mark scheme should be used appropriately. • All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate’s response is not worthy of credit according to the mark scheme. • Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited. • When examiners are in doubt regarding the application of the mark scheme to a candidate’s response, the team leader must be consulted. • Crossed out work should be marked UNLESS the candidate has replaced it with an alternative response. • Mark schemes will indicate within the table where, and which strands of QWC, are being assessed. The strands are as follows: i) ensure that text is legible and that spelling, punctuation and grammar are accurate so that meaning is clear ii) elect and use a form and style of writing appropriate to purpose and to complex subject matter iii) organise information clearly and coherently, using specialist vocabulary when appropriate. Section A Question number Answer Mark 1(a) The only correct answer is B – Income A is not correct because it is not a way of segmenting a market C is not correct because it is not a way of segmenting a market D is not correct because it is not a way of segmenting a market (1) Question number Answer Mark 1(b) The only correct answer is A – Business failure due to unpaid debts B is not correct because it is a definition of trade credit C is not correct because it is a definition of interest D is not correct because it is a definition of a merger (1) Question number Answer Mark 1(c) Award 1 mark for identification of a disadvantage, plus 2 further marks for explaining this disadvantage up to a total of 3 marks. There may be disagreements between partners (1). This means it can be difficult for decisions to be made (1). Therefore, the business will take longer to respond to the needs of customers (1). Decisions made by one partner can affect all partners (1). If this leads to financial loss, then all partners are liable for the debts (1). This may lead to partners losing the money that they invested in the business (1). Accept any other appropriate response. Answers that list more than one disadvantage with no explanation will be awarded a maximum of 1 mark. (3)