Free Pearson Edexcel GCSE Business (1BS0) Exam Questions and Answers
Pearson Edexcel GCSE Business (1BS0) is Pearson Edexcel's GCSE Business qualification, specification 1BS0, taken in England. The questions here come from Pearson Edexcel's published question papers from June 2019 to June 2025, plus its specimen papers, with answers and marking guidance taken from Pearson Edexcel's own mark schemes. Written-answer questions let you work out your answer and then reveal what the mark scheme accepts; diagrams, graphs and source material appear with the questions that use them.
If you searched for Pearson Edexcel GCSE Business (1BS0) dumps, an ExamTopics discussion or a free PDF, this is the question bank for it: practice questions with verified answers and explanations, a timed practice test and updates whenever Pearson Edexcel changes the exam.
Last updated: October 17, 2026
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Question #1
Which one of the following is a short-term source of finance? Select one answer.
Correct answer: C
Explanation
One mark for C.
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Question #2
Which one of the following is a definition of an exchange rate? Select one answer.
Correct answer: B
Explanation
One mark for B.
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Question #3
Explain one benefit to an entrepreneur of buying a franchise to start a business.
Type your answer, then reveal.
Correct answer: Example: the entrepreneur could receive support and training, so they are less likely to make poor business decisions, which reduces the chance of business failure. Another: benefit from national advertising campaigns, giving access to a larger advertising budget and so increased brand awareness.
Explanation
3 marks: 1 for identifying a benefit, plus 2 for explaining it (each development step earns a mark). Any other appropriate benefit is accepted. A list of several benefits with no explanation gets a maximum of 1 mark.
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Question #4
Explain one way a small business could use market segmentation to target customers.
Type your answer, then reveal.
Correct answer: Example: segment by gender. Different products can be targeted to customers depending on whether they are male or female, so the business can meet the needs of those customers. Another: segment by income. Higher-income people are more likely to buy luxury goods, so the business could develop a higher quality product to target them.
Explanation
3 marks: 1 for identifying a way, plus 2 for explaining it. Any other appropriate response is accepted. A list of several ways with no explanation gets a maximum of 1 mark.
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Question #5
Which two of the following are elements of the marketing mix? Select two answers.
Select 2 answers.
Correct answer: C, D
Explanation
One mark for each correct answer (C and D).
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Question #6
Which two of the following areas are covered by employment law? Select two answers.
Select 2 answers.
Correct answer: B, D
Explanation
One mark for each correct answer (B and D).
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Question #7
Table 1 contains information about a small business for one month. The business sold 340 units in this month. | Fixed costs | £3 600 | | Variable costs (per unit) | £9 | Table 1 Using the information in Table 1, calculate the total costs for one month. You are advised to show your workings.
Type your answer, then reveal.
Correct answer: £6 660
Explanation
Method mark for substituting into the correct formula: total costs = £3 600 + (£9 × 340). Accuracy mark for £6 660. Full marks for the correct answer without working.
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Question #8
Explain one possible non-financial aim an entrepreneur may have when starting a small business.
Type your answer, then reveal.
Correct answer: Example: personal satisfaction, because the entrepreneur may feel they have achieved something in life through the hard work they put into starting the business. Another: independence, so they can make their own decisions instead of being told what to do as an employee.
Explanation
3 marks: 1 for identifying a non-financial aim, plus 2 for explaining it. Any other appropriate response is accepted. A list of several aims with no explanation gets a maximum of 1 mark.
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Question #9
Explain one disadvantage to a small business of using qualitative data for market research.
Type your answer, then reveal.
Correct answer: Example: responses are based on a person's opinions, so they can be very varied, making it difficult to make a judgement on customer preferences. Another: qualitative data is mostly non-numeric, so it is difficult to analyse and to base decisions on.
Explanation
3 marks: 1 for identifying a disadvantage, plus 2 for explaining it. Any other appropriate response is accepted. A list of several disadvantages with no explanation gets a maximum of 1 mark.
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Question #10
Which one of the following is an example of a cash outflow for a small business? Select one answer.
Correct answer: C
Explanation
One mark for C.
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Discussion
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