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Title: Edexcel as level business question paper 2 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE AS Level In Business (8BS0) Paper 02 Managing Business Activities
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE AS Level In Business (8BS0) Paper 02 Managing Business Activities
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Edexcel as level
business question
paper 2 june 2024 +
mark scheme
Please check the examination details below before entering your candidate information
Candidate surname
Centre Number
Other names
Candidate Number
Pearson Edexcel Level 3 GCE
Friday 24 May 2024
Afternoon (Time: 1 hour 30 minutes)
Paper
reference
Business
8BS0/02
Advanced Subsidiary
PAPER 2: Managing Business Activities
You must have:
Source Booklet (enclosed)
Total Marks
Instructions
Use black ink or ball-point pen
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Answer all questions
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Information
The total mark for this paper is 80
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• You may use a calculator
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Try to answer every question
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Turn over
P75850A
©2024 Pearson Education Ltd
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Write your answers in the spaces provided
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(c) Using the information in Extract B, calculate, to 2 decimal places, Beyond Meat’s
acid test ratio in 2022
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(4)
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(d) Using the information in Extract B, calculate, the decrease in Beyond Meat’s
working capital between 2021 and 2022
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(e) Assess two likely benefits to Beyond Meat of improving its productivity
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(Total for Question 1 = 30 marks)
TOTAL FOR SECTION A = 30 MARKS
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SECTION B
Read Extracts C and D in the Source Booklet before answering Question 2
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2 (a) What is meant by inflation?
(2)
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(b) What is meant by gross profit?
(2)
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(c) Using Extract D, calculate to 2 decimal places, Missguided’s net profit margin in
2020
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(d) Explain how Missguided may improve its liquidity
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(f ) Assess the importance of high levels of competition in causing Missguided to fail
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Canyon Bikes wants to reduce its break-even point
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3 Evaluate these two options and recommend which one is most suitable for Canyon
Bikes to reduce its break-even point
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SECTION C
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P75850A
©2024 Pearson Education Ltd
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Extract A
Beyond Meat – a vegan alternative
Beyond Meat is a US company which specialises in the manufacture of non-meat
products produced using plant proteins
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In December 2021, Beyond Meat announced a major expansion programme in
Asia by opening a new research and development facility and expanded its factory in
Shanghai, China
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The expanded factory will use
flow production to increase levels of productivity and will use bank loans as a source of
finance for the investment
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7% each year until 2028
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It is also looking to improve its productivity
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beyondmeat
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beyondmeat
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Extract C
Missguided: What went wrong at the fashion giant?
Missguided Ltd was a Manchester-based clothing retailer
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Missguided’s sales and gross profit reached their peak in 2020
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This increase in physical competition, was matched by an
increase in online competition, when internet clothing retailer Shein entered the
fast-fashion market
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Unlike,
Missguided, Shein controlled the design and production of its clothing
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The economic environment also deteriorated during
2021 with interest rates rising from 0
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5% in February 2022
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1% to 6
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Missguided failed due to poor liquidity in May 2022 with debts of over £80 million
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chargedretail
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uk/2022/05/31/
missguided-what-went-wrong/)
Extract D
Selected information from Missguided’s Statement of Comprehensive Income (2020)
£
Revenue
Cost of sales
Other operating expenses
7 429 000
(4 633 000)
(49 000)
(Source: adapted from https://find-and-update
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service
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uk/company/10033268/filing-history)
P75850A
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SECTION C
Read Extract E before answering Question 3
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The company currently
purchases components for its bikes in China, and then transports them to its
manufacturing hubs in Germany and the US, where the bikes are assembled
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5
The company produces mountain, road, hybrid and battery-powered e-bikes
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The Roadlite 5 bike is priced from £899, whereas its most
expensive e-bike is priced at over £10 000
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Demand for its most expensive models
also fell as households suffered from lower disposable incomes due to an increase in the
cost of living
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sekologistics
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canyon
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We provide a wide range of qualifications including academic, vocational,
occupational and specific programmes for employers
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edexcel
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btec
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uk
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edexcel
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Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company
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We believe in every kind of
learning, for all kinds of people, wherever they are in the world
...
Find out more
about how we can help you and your students at: www
...
com/uk
Summer 2024
Question Paper Log Number P75850A
Publications Code 8BS0_02_2406_MS
All the material in this publication is copyright
© Pearson Education Ltd 2024
General Marking Guidance
•
All candidates must receive the same treatment
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•
Mark schemes should be applied positively
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•
Examiners should mark according to the mark scheme not
according to their perception of where the grade boundaries
may lie
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All marks on the mark
scheme should be used appropriately
...
Examiners should always award full marks if
deserved, i
...
if the answer matches 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
...
•
Crossed out work should be marked UNLESS the candidate has
replaced it with an alternative response
...
g
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(1)
Question
Number
1(b)
Answer
(2)
Mark
Knowledge 2
Knowledge/understanding: up to 2 marks for, e
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• Raw materials that are held by the business in reserve (1) in
case of non-delivery/to allow production to continue
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Knowledge: 1 mark for identifying the acid test ratio formula
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8886881 (1)
• acid test ratio = 4
...
p
...
89’ award 4 marks
...
p
...
(4)
Question
Number
1(d)
Answer
Mark
Knowledge 1, Application 3
Quantitative skills assessed:
QS9: interpret, apply and analyse information in written,
graphical and numerical forms
...
• Current assets – current liabilities (1)
Application: up to 3 marks
• calculate working capital for 2021
= $1 052 048 000 – $94 189 000
= $957 859 000 (1)
• calculate working capital for 2022
= $606 459 000 – $75 841 000
= $530 618 000 (1)
• decrease between 2021 and 2022
=$957 859 000 - $530 618 000
= $427 241 000 (1)
or
• decrease between 2022 and 2021
= $530 618 000 - $957 859 000
= -$427 241 000 (1)
NB: If the only answer given is ‘$427
...
241m’,
‘$427 241 000’ or -$427 241 000’ award 4 marks
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(4)
Question
Number
1(e)
Indicative content
Mark
Knowledge 2, Application 2, Analysis 2, Evaluation 2
• Productivity is output per machine/person per hour
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Therefore, average costs of
production may fall, allowing a larger profit margin/reduced
price to be charged
• Being able to produce more Beyond Mince products in a
period of time, allows the company’s factories to produce
more in total, allowing it to keep up with the forecasted
increases in demand of 13
...
Possible counterbalance
• Significant sums of capital will need to be invested to
improve productivity, such as the decision to use flow
production in its Shanghai factory
• Food manufacturing employees may be resistant to change
and may view new machinery as a threat to their jobs and
lead to demotivation, which could reduce productivity
• Productivity improvements may be offset if there is a
reduction in the quality of Beyond Meat’s plant protein-based
products due to increased speed of production
...
Isolated elements of knowledge and understanding – recall
based
...
Generic assertions may be presented
...
Chains of reasoning are presented, showing cause(s) and/or
effect(s) but may be assertions or incomplete
...
Logical chains of reasoning, showing cause(s) and/or
effect(s)
...
• The loan offers a way of expanding the company, which does
not dilute the percentage ownership of existing
shareholders, so that Beyond Meat can take advantage of
the significant increase in demand for meat-free protein
• Loans allow Beyond Meat to raise significant sums of capital,
in a fairly fast time frame, allowing it to take advantage of
the predicted 13
...
Potential counterbalance
• Loans will involve structured interest payments
...
Possible judgement
• Beyond Meat should use bank loans to fund the expansion of
the factory, since demand for non-meat protein has risen by
300% in 12 years
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(10)
Level
Mark
0
Descriptor
A completely inaccurate response
...
Weak or no relevant application to business examples
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Level 2
3–4
Level 3
5–6
Level 4
7–10
Elements of knowledge and understanding, which are
applied to the business example
...
A generic or superficial assessment is presented
...
Analytical perspectives are presented, with developed chains
of reasoning, showing cause(s) and/or effect(s)
...
Accurate and thorough knowledge and understanding
...
Assessment is balanced and well contextualised, using
quantitative and/or qualitative information
Supported throughout by relevant and effective use of the
business behaviour/context, and shows an awareness of
competing arguments/factors leading to a supported
judgement
...
g
...
g
...
QS9: interpret, apply and analyse information in written,
graphical and numerical forms
...
• (Net profit ÷ revenue) x 100 (1)
Application: up to 3 marks
• £7 429 000 - £4 633 000 - £49 000 = £2 747 000 (1)
• (£2 747 000 ÷ £7 429 000) x 100 (1)
• Net profit margin = 36
...
p) (1)
NB: If the only answer given is 36
...
If the
answer given is ’36
...
If the
answer is not given to 2 d
...
(4)
Question
Number
2(d)
Answer
Mark
Knowledge 1, Application 2, Analysis 1
Knowledge: 1 mark for knowing what is meant by liquidity,
e
...
• Current assets – current liabilities
OR
• Ability to pay debts in cash when they fall due
Application: 2 marks for contextualised examples, e
...
• Improved trade credit terms from clothing manufacturers
• Increased sales of clothing
Analysis: up to 1 mark for explaining the way Missguided Ltd’s
liquidity may be improved, e
...
• This results in a delay to the cash outflows paid to suppliers
• As a result, there will be greater cash inflows to meet
forthcoming current liabilities
(4)
Question
Number
2(e)
Indicative content
Mark
Knowledge 2, Application 2, Analysis 2, Evaluation 2
• The interest rate is the price of borrowing money/return from
saving money
...
This
may have been critical, resulting in Missguided’s failure in
May 2022
...
1% to 0
...
4
percentage point increase)
...
(8)
Level
Level 1
Mark
0
1–2
Level 2
3–5
Level 3
6–8
Descriptor
A completely inaccurate response
...
Weak or no relevant application to business examples
...
Accurate knowledge and understanding
...
An attempt at an assessment is presented using quantitative
and/or qualitative information
Supported throughout by use of the business
behaviour/context, though unlikely to show the significance
of competing arguments
...
Logical chains of reasoning, showing cause(s) and/or
effect(s)
...
g
...
• Competition from other online clothing retailers, such as
Shien, leads to reduced prices resulting in falling profit
margins
• Missguided may be forced to design new ranges of clothes
to match what its rivals, such as Shein, are selling
• Missguided may not be able to match the prices of other,
larger, online clothing retailers such as Shein, so may
appear uncompetitive on price
• Missguided have experienced increased competition from
high street and online clothing stores which makes it
difficult for them to stand out in a crowded clothing market
...
Possible judgement
• The importance of high levels of competition to Missguided
depends on what has happened with Missguided’s targeted
market of young consumers
...
Thus, competition within the market may be
a significant factor to Missguided
...
If they
have, then it may be that the economic environment has a
more important effect than competition to Missguided
...
Isolated elements of knowledge and understanding –
recall based
...
Generic assertions may be presented
...
Which are applied to the business example
...
A generic or superficial assessment is presented
...
Analytical perspectives are presented, with developed chains
of reasoning, showing cause(s) and/or effect(s)
...
Accurate and thorough knowledge and understanding
...
Assessment is balanced and well contextualised, using
quantitative and/or qualitative information
Supported throughout by relevant and effective use of the
business behaviour/context, and shows an awareness of
competing arguments/factors leading to a supported
judgement
...
This could
be particularly important for heavy, bulky components such
as frames, batteries and wheels which are expensive to
transport
...
Therefore, Canyon will still be able to sell finished Roadlite
5 bikes, when rivals may be unable to satisfy customers if
they rely on Chinese components
...
This may enhance Canyon’s brand due to
improved reputation and customer satisfaction
...
This may increase the variable cost
per unit decreasing the contribution per bike, potentially
increasing, rather than reducing, the break-even point
...
Thus, more contribution per bike can be
made, paying off the fixed costs faster, reducing the breakeven point
• Charging higher prices may make the Canyon brand
become even more desirable, allowing a level of bikes to be
Mark
sold due to increased exclusivity
...
Thus, reducing the break-even
point
• Charging higher prices for mountain bikes may increase the
contribution per bike, but if fewer bikes are sold because of
the higher price, the lower break-even point may actually
be unobtainable in reality
...
It depends on the quality of Chinese components and
the difference in price between Chinese-made components
and those made elsewhere in the world
...
The source
material implies that Canyon is targeting a luxury market
and are aiming at biking professionals
...
Therefore,
any increase in price may increase contribution per unit,
and create an obtainable and realistic reduction in the
break-even point
...
Isolated elements of knowledge and understanding
...
An argument may be attempted, but will be generic and fail
to connect causes and/or consequences
...
Arguments and chains of reasoning are presented, but
connections between cause(s) and/or consequence(s)/
effect(s) are incomplete
...
A comparison or judgement may be attempted, but it will
not successfully show an awareness of the key features of
business behaviour or business situation
...
Uses developed chains of reasoning, so that cause(s)
and/or consequence(s)/effect(s) are complete, showing an
understanding of the question
...
Quantitative and qualitative information are introduced in
an attempt to support judgements, a partial awareness of
the validity and/or significance of competing arguments and
may lead to a conclusion
...
Uses well-developed and logical, coherent chains of
reasoning, showing a range of cause(s) and/or effect(s)
...
Quantitative and qualitative
information are used well to support judgements
...
Pearson Education Limited
Title: Edexcel as level business question paper 2 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE AS Level In Business (8BS0) Paper 02 Managing Business Activities
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE AS Level In Business (8BS0) Paper 02 Managing Business Activities