Edexcel UNIT 1 exam discussion on questions

for busienss plan i wrote it is a legal requirement and for niche markets why would the demand be high it should be low shouldnt it because in india less people would buy italian products

I found part A quite easy, however some of the questions did'nt really relate to business. Like the question about the rise in population and food stock will get lower, that did'nt really relate to business at all. However Part B was slighly harder, especially the 12 mark question, on reccomending whether Pete should be a private limited company. Also I found that 1h 15 is not enough time for that exam, and struggled to write as much as I would of wanted. But overall I was pleased.

Is this the Economics and Business studies unit 1: Developing new business ideas. For a second there everyone got me worried.

Is this the Economics and Business studies unit 1: Developing new business ideas. For a second there everyone got me worried.

Oh right, yes that was the option I chose as well.
I think the question for the niche market business was all of the following si true of a niche market except and that was the only one that wasn't true.

for busienss plan i wrote it is a legal requirement and for niche markets why would the demand be high it should be low shouldnt it because in india less people would buy italian products

Business plan is not a legal requirement. It is use for cash-flow which is one of the options.
And I did not put effective demand for the Chocolate question.

what did you put for chocolate one are you saying that the business plan questions the answer wasnt a legal reuirement

Yes, it's the same paper.

Yep sorry. For the chocolate one i can't remember, if you can remember what the choices where I could tell you. But I think there was only 2 multiple choices that were a bit tricky. Q6 and Q8 the oil one (Q6) had me confused for a min or two.

can you remember any other choices for that niche market one dont mind me asking i think ive done bad in this exam exam was harder than jan 2011

Business plan is not a legal requirement. It is use for cash-flow which is one of the options.
And I did not put effective demand for the Chocolate question.

what did you put for chocolate one are you saying that the business plan questions the answer wasnt a legal reuirement

How did you think you did?

I can't remember the options, sorry. I'll ask around for you, though.



Exactly Business plans are not a legal requirement. Again, the question asked, all of the following is true of business plans except. It was highlighted.


To my knowledge, it is correct.

erm you fink grade boundaries will be lower how about product trial question

how about that oppornuity cost or unemployment question

I dno mate, I sort of hope it will be high i didn't think the entire paper was all that difficult compared to previous past papers- the last question was challenging it makes you think and compare pros n cons for PLC.

product trial was good, i thought back to the Levi Roots story which was on the PP a couple years ago Jan 09 i think and actually it all came bk to me- in the end my evaluation said it's not worth the time as (you have to quote the evidence A here) it's a service the time and money involved in getting trials done can be a high cost and oppunity cost of missing out at the shop etc..

I don't think I did as well as I could have. I have C1 tomorrow so I was concentrating on math. The paper was alright but I thought some of the questions were weird like the question about why Pete's resilience is an important factor in the long term success of the business. I was just like WHAT kind of question is this?!?!

I believe the answer to that was lost earnings.




That's a really good answer. I wrote more or less the same thing but just added that since he already had several years of experience in the industry, he might have already gaged the consumer's preferences, etc.

im not too sure about that competive advantage question did anyone else but minimum wage

no sorry I think it was getting the customers out of the door quick enough. Minmum wages looks a given, but if you can get ur customers out the door quicklu(as in no long chit chat with friends like in restaurants) then you can serve other waiting customers and get more business + profit.