Edexecel Unit 1: Developing a new business idea 6EB01/01 19th May 2014

Just posting this to see how u guys did! I found the exam really hard and normally I would get A. Was section A impossible for me only or was it really that hard?

Reply 1

tillytot_882

Usually I find section A really easy and thats where I get my marks in, but I found it impossible! really disappointed, section B wasn't too bad but yeah section A went terrible! so difficult

Reply 2

Lemmetakeaselfie

It was definitely a hard paper. I went in feeling so prepared but yh no I did terrible, I ran out of time and couldn't give both sides in the 8 markers.

Section b caught me off guard as well tbh, what did you put for the asses the limited liability question.

For section a did you get 364.2mil (or something along those lines) for q1, and for the other maths question 160?

What did you put for the yahoo question, I put fall in phone prices

Reply 3

crystalleellouis

I found it quite difficult! I ran out of time in the end but managed to do each question thankfully.. it was a retake for me but went better than last time.. well I hope so haha!

Reply 4

crystalleellouis

I got the same answers as you put here! so fingers crossed

Reply 5

Gnfnco

Very difficult paper. Multiple choice is usually easy marks but I did get a few mixed up.

For the formulas, I put the 364.2 (D? I think it was) and then 140, because you had to -fixed cost from 160..

What did everyone put for the Yahoo question? I put a decrease in price of mobile phones as now more would be competing in the market as it's most profitable, meaning high prices would scare off potential consumers, causing a decrease in price of mobile phones..

(edited 9 years ago)

Reply 6

Mr.zaragoza

Original post by crystalleellouis

I got the same answers as you put here! so fingers crossed

I got the 160, but for question 1 I got the operating profit, because it is operating profit divided by total x 100 so 52,40/377 times 100 was 14!! I think it is correct because d, 320 something was TOTAl costs and not gross profit. If you do total revenue - operating profit you get variable and fixed costs, as total revenue - fixed - variable = operating! does that seem correct?

Reply 7

Mr.zaragoza

The Yahoo question I did completely wrong but it didn't make sense to me they prices would fall!!!! What did you put as NOT primary market research for burger king??

Reply 8

username1393572

Hey lads, im doing A2 Economcis and Business, and whilst this is and extremely easy unit it was a very hard paper but it was still fairly straight forward. The first one was 14% Operating profit margin, as you put operating profit/ total revenue x100= 13.975%

I put market differentiation for he Beck undies question, lower mobile prices due to another competitor joining he phone industry in Yahoo, and the second calculation with contributions was 140 a it said what was the contribution to the charity (i.e. the profits sent to them so you need to take off the £20 fixed costs)

for the liability question I talked about it allowing owners to take more risks with their retained profit to expand as they can only lose what they put into the business- and the profit they earned themselves