Edexcel Business Studies Unit 1 May 14th 2012

Original post by Bossabout

what you all put for the entreprenurial motives question in the second section?

i said she was motivated to be 'creative'... but some may consider than just a characteristic. however i did say her previous job would have been very boring, so she was motivated to be more creative!

Reply 24

Dani94

Original post by Bossabout

what you all put for the entreprenurial motives question in the second section?

I put her 'desire to be eco-friendly' with her fair-trade products and using free range eggs etc

Reply 25

that would definitely have been the better option, i chose creative because i thought it would be easier to write about..

Reply 26

when evaluating inflation, what did you put were the good points?

Reply 27

waldt1

OP

Original post by ScottENGLAND

i said she was motivated to be 'creative'... but some may consider than just a characteristic. however i did say her previous job would have been very boring, so she was motivated to be more creative!

creativity is a motivator as well, so you should get full marks depending on what you wrote.

Reply 28

Bossabout

3

inflaton wud lead to her costs and wages rising , so profit margins reducing.
She could raise her prices to compensate but this cud lead to reduced demand, it
wud depend on how price elastic her cakes are.

Reply 29

Original post by Bossabout

inflaton wud lead to her costs and wages rising , so profit margins reducing.
She could raise her prices to compensate but this cud lead to reduced demand, it
wud depend on how price elastic her cakes are.

to balance it out i put inflation however could see her a short term boom- because as inflation occurs money loses its value, so people spend before it does so... now thats contraversial lol...

Reply 30

GirlyGirl

Original post by CMPUNK

Hey guys, this paper was ok, i dont know why i have a feeling i did bad :frown:

as far as i can remember the answers:
1) secondary research
2) This was about car production this was very confusing i did market orientation
3) Electricity- question about uni students moving home
4) Niche Market - question about lipsticks
5) Nightclub- reduced Unemployment
6)-
7) apple one i wrote sales and volume increase
8) £7.35 or something like that

please fill in the gaps and correct me if im wrong :smile:

I put

1) secondary research
2) That subsidy thing???? was wrong though i think :frown:

3) Electricity- question about uni students moving home
4) Niche Market - question about lipsticks
5) Nightclub- reduced Unemployment
6)-
7) apple one i wrote sales and volume increase
8) £7.35 or something like that

screwed :frown:

Reply 31

Original post by GirlyGirl

I put

1) secondary research
2) That subsidy thing???? was wrong though i think :frown:

3) Electricity- question about uni students moving home
4) Niche Market - question about lipsticks
5) Nightclub- reduced Unemployment
6)-
7) apple one i wrote sales and volume increase
8) £7.35 or something like that

screwed :frown:

yup your number 2 was wrong :frown:

Reply 32

also i remember number 6 it was about business plan

Reply 33

Original post by Bossabout

inflaton wud lead to her costs and wages rising , so profit margins reducing.
She could raise her prices to compensate but this cud lead to reduced demand, it
wud depend on how price elastic her cakes are.

I wrote exactly the same things you wrote :rolleyes:

Reply 34

GirlyGirl

Original post by CMPUNK

also i remember number 6 it was about business plan

ohhh yeahhh! i put the support applications answer???

Reply 35

Original post by GirlyGirl

ohhh yeahhh! i put the support applications answer???

yup your correct because it helps gain finance through venture capitalists etc

Reply 36

ahh thats such a relief remembering what it was! haha i put support applications aswell

Reply 37

sophieeesoho

Original post by calumbagnall123

I can see your point, however I said that holidays will decrease because the family will have less disposable income due to the need to feed/cloth more people.
However I do believe this is a silly question, not really business related.

I know right! A "Boomerang Population" wtf has this got to do with Business!?

Reply 38

sophieeesoho

I wonder what the grade boundaries will be like... I feel like I got section one like all correct maybe 30/31 for it... in January for an A it was 49 marks, I'm feeling confident but have to wait and see.

Reply 39