Business Studies / Past papers

CAIE 7115 Business Studies Paper 1 — May/June 2024 Question Paper

The real May/June 2024 Paper 1 (Short Answer and Data Response) question paper for CAIE 7115 Business Studies (7115_s24_qp_12).

20 questions, 80 marks total.

Ask CIEMate to help you answer these questions.

1. Question 1a2 marks

   Identify two reasons why a government might support business start-ups.

2. Question 1b2 marks

   Identify two ways a business can build customer relationships.

3. Question 1c4 marks

   Outline one benefit and one limitation to Nicky's business of operating in a niche market.

4. Question 1d6 marks

   Explain one way each of the following sections in the business plan might be helpful to Nicky.

5. Question 1e6 marks

   Explain two characteristics of a successful entrepreneur. Which characteristic is likely to be the most important? Justify your answer.

6. Question 2a2 marks

   Define 'tertiary sector'.

7. Question 2b2 marks

   Calculate GTB's Return on Capital Employed (ROCE). Show your working.

8. Question 2c4 marks

   Outline two ways GTB could improve its profit margin.

9. Question 2d6 marks

   Explain two advantages to GTB of using social media as its method of promotion.

10. Question 2e6 marks

    Do you think banks are the main external users of the accounts of a business? Justify your answer.

11. Question 3a2 marks

    Define 'laissez-faire leadership style'.

12. Question 3b2 marks

    Identify two roles of a manager.

13. Question 3c4 marks

    Outline one external cost and one external benefit RBG's business activities might create.

14. Question 3d6 marks

    Explain two methods of IT based communication RBG might use with its employees.

15. Question 3e6 marks

    Explain two ways a pressure group might try to influence business decisions. Which way do you think is likely to be the most effective? Justify your answer.

16. Question 4a2 marks

    Define 'import quota'.

17. Question 4b2 marks

    Identify two benefits to a business of lower rates of taxation.

18. Question 4c4 marks

    Identify four legal controls over employment.

19. Question 4d6 marks

    Explain one reason why DLT needs to consider each of the following factors when deciding where to relocate in country X:

20. Question 4e6 marks

    Do you think the advantages for a manufacturing business of using flow production are greater than the disadvantages? Justify your answer.