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Edexcel Economics and Business Unit 1 developing new business ideas may 19 2016

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Original post by Joebyrne
I got the answer as 56.3%




expenses + cost of sales = 30
revenue = 60
30/60 x 100 = 50%

But who knows I may be wrong, made sense to me whilst doing it
Original post by emman.agyapeng
expenses + cost of sales = 30
revenue = 60
30/60 x 100 = 50%

But who knows I may be wrong, made sense to me whilst doing it


hmm I though you didn't subtract cost of sales only expenses
Bit long but can someone go through all the 4 markers and give me their answers please, struggling to remember most of them
Original post by emman.agyapeng
expenses + cost of sales = 30
revenue = 60
30/60 x 100 = 50%

But who knows I may be wrong, made sense to me whilst doing it

Exactly what I did, pretty sure that's correct
Original post by ashballs1998
what did you put?


I put market trial, but looking back I'm pretty sure the answer is trade off, annoying!!
Original post by FreddieH1711
I put market trial, but looking back I'm pretty sure the answer is trade off, annoying!!


yeah i believe the answer for that was trade off, that was a hard question
Is there a thread for unit2b business economics
Anyone do unit 2?
Reply 28
Avatar for Hefty11
Hefty11
9
Unit 2 was decent,

for the supply and demand diagram it was demand increasing, long term it would be supply however.
1. Answer was -1.5 as it 15/10 = 1.5 however reduction in income so it's -1.5
Anyone else get any answers i forgot about the questions already lmao
What did you get for the rugby ticket prices? I got Decrease in revenue as it is elastic, think it was D
Anyone got the questions and maybe some answers from today's business exams? as edexcel
Original post by emman.agyapeng
What did you get for the rugby ticket prices? I got Decrease in revenue as it is elastic, think it was D


I got it as A, because they always sell out, the good is inelastic

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