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Paper 2 Specimen 2023 Solutions

Table Of Contents

Barbecue House (BH)✍🏽1 (i) Identify one benefit for a business of a unique selling point (USP). [1](ii) Explain the term ‘sole trader’ (line 4). [3](b)(i) Refer to Fig. 1.1. Calculate the value in dollars ($) of BH’s share of the market. [3](ii) Explain one reason why Amir carried out market research. [3](c) Analyse one advantage and one disadvantage, to Amir, of BH becoming a private limited company. [8]  (d) Evaluate whether BH should sell Asian food. [12]Designer Clothing (DC) ✍🏽1 (i) Identify one indirect cost. [1](ii) Explain the term ‘business plan’ (line 4). [3](b) (i) Refer to Table 2.1 and other information. Calculate the price of the dress for Lydia. [3](b) (ii) Explain one payment method, other than time-based, that DC could use to pay its employees. [3](ii) Explain one reason why Amir carried out market research. [3](b) Explain one benefit to a business of using budgets. [3](c) Analyse two human res...

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