Business Studies / Past papers

CAIE 7115 Business Studies Paper 1 — October/November 2020 Question Paper

The real October/November 2020 Paper 1 (Short Answer and Data Response) question paper for CAIE 7115 Business Studies (7115_w20_qp_12).

20 questions, 80 marks total.

Ask CIEMate to help you answer these questions.

1. Question 1a2 marks

   Identify two features of an economic boom.

2. Question 1b2 marks

   Identify two stages of the recruitment process.

3. Question 1c4 marks

   Outline two possible advantages to Kolo of recruiting a manager.

4. Question 1d6 marks

   Explain two reasons why choosing the right location for the new salon is important for Kolo.

5. Question 1e6 marks

   Do you think experience is the most important factor for a business to consider when recruiting a new manager? Justify your answer.

6. Question 2a2 marks

   Define 'pressure group'.

7. Question 2b2 marks

   Define 'brand image'.

8. Question 2c4 marks

   Outline two advantages to DSY of being a private limited company.

9. Question 2d6 marks

   Explain two factors DSY should consider when deciding on a suitable method of production for the new product.

10. Question 2e6 marks

    Do you think entering a growing market where there is a lot of competition is the best way for a business to expand? Justify your answer.

11. Question 3a2 marks

    Define 'micro-finance'.

12. Question 3b2 marks

    Veronique now thinks that the cash inflow in month 3 will be $1500.

13. Question 3c4 marks

    State four reasons why a business might have cash flow problems.

14. Question 3d6 marks

    Explain one method of primary market research and one method of secondary market research Veronique could have used.

15. Question 3e6 marks

    Do you think being creative is the most important characteristic of being a successful entrepreneur? Justify your answer.

16. Question 4a2 marks

    Define 'break-even'.

17. Question 4b2 marks

    Define 'Return on Capital Employed'.

18. Question 4c4 marks

    Outline two problems inflation might cause Gino's business.

19. Question 4d6 marks

    Explain two ways Gino could increase the number of customers.

20. Question 4e6 marks

    Do you think having regular meetings is a better way for a business to communicate with part-time employees than using text messages? Justify your answer.