Business studies Unit 1 AS Edexcel

Pop retailer 8 marker and 6mark on goverment spending

ouch good luck on making it back in other parts of paper!

I'm a little worried. For the last question in evaluating if you think becoming an Entrepreneur was a good idea. I decided to add up all the jobs he predicted he would have done over the year and compared it with the break-even point.

I worked out the break-even point as around 490
and he was only predicting of selling 400 units.

So i said it was a bad decision, however most people seem to have worked it out as him making a profit instead and i feel like I have put the wrong thing.
Did anyone do anything similar in 2(c)

i really think edexcel should reconsider the timings for their paper.. 1 hr 15 minutes is just not enough !! an extra 5 minutes could have made a difference to my answers tbh they were obviously so rushed..

SECTION B"
Two factors which affect demand: Population and income level?

Leadership style = Democratic = Increased motivation = increased efficiency?

Test marketing = no risk of losing as much money as a full scale launch, but can lose ideas to competiors who can produce for cheaper

Start up capital- Little or no interest is a benefit, but can cause family feuds and cant raise as much funds as a commercial bank

Inflation = higher prices so less people have enough disposable income but depends how much it went up, and the products are relitavley cheap so an increase of 2.7 in 2013 would only make a difference of 50p

Spending = less spending on job seekers allowance so less unemployment benefit and they have less disposable income so they cant afford it so go for cheaper alternatives, however may be cut from other sectors like defence which wouldnt make a difference and its quite luxurious shirt so it may not affect people as much as target marker would be people who have a mid level income.

Are they right?

Inflation means people have less disposable income thus demand will decrease.

About question 8, it clearly is CUSTOMER WANTS WERE MET. There's no way unemployment can increase sales unless they give you some more evidence about it.

Yes that's what I did last year got a B so yeah that is right way

I definitely believe it was "consumer wants met." They are likely to include both figures to make it clear they are referring to a specific brands success, rather than external factors in a specific country. Eg if they state UK sales increase then you may put it down to increasing incomes etc. They clearly showed it was a worldwide success, as they meet consumer needs.

That's okay! Hope I do okay in this exam better then last year! Ether say I keep the higher unit in unit 1 (so for me B.) :-)