Business Studies / Past papers

CAIE 7115 Business Studies Paper 1 — October/November 2023 Question Paper

The real October/November 2023 Paper 1 (Short Answer and Data Response) question paper for CAIE 7115 Business Studies (7115_w23_qp_12).

20 questions, 80 marks total.

Ask CIEMate to help you answer these questions.

1. Question 1a2 marks

   Define 'working capital'.

2. Question 1b2 marks

   Calculate the average revenue per day. Show your working.

3. Question 1c4 marks

   Outline two reasons why packaging will be important for Paolo's business.

4. Question 1d6 marks

   Explain one advantage and one disadvantage to Paolo's business of using crowdfunding as a source of finance.

5. Question 1e6 marks

   Do you think selling to a wholesaler is the best channel of distribution for a start-up business to use? Justify your answer.

6. Question 2a2 marks

   Identify two ways business activity could have an impact on the environment.

7. Question 2b2 marks

   Identify two ways a business could contribute to sustainable development.

8. Question 2c4 marks

   Outline two possible economies of scale TBX might benefit from.

9. Question 2d6 marks

   Explain two possible problems for TBX of holding a high level of inventory.

10. Question 2e6 marks

    Do you think quality control is the best method for a manufacturing business to use to achieve quality production? Justify your answer.

11. Question 3a2 marks

    Define 'public sector'.

12. Question 3b2 marks

    Define 'gross domestic product' (GDP).

13. Question 3c4 marks

    Identify four types of business organisation in the private sector.

14. Question 3d6 marks

    Using the data from Table 3.1, explain two possible reasons for the changing importance of the primary sector in country X.

15. Question 3e6 marks

    Do you think the benefits to a country of having a multinational company located there are always greater than the drawbacks? Justify your answer.

16. Question 4a2 marks

    Identify two advantages to a business of maintaining customer loyalty.

17. Question 4b2 marks

    Identify two hygiene factors from Herzberg's two-factor theory.

18. Question 4c4 marks

    Outline two reasons why profit might be important to TFN.

19. Question 4d6 marks

    Explain one advantage and one disadvantage to TFN of its managers having a wide span of control.

20. Question 4e6 marks

    Do you think off-the-job training is the best method of training for a service sector business to use? Justify your answer.