The Indian Public School
Revision Examination 2
CANDIDATE
NAME
CENTRE CANDIDATE
I N 8 3 8
NUMBER NUMBER
Subject: Business Grade: 11
Paper 1 - Business Concepts 1 Duration: 1 Hour 15 mins.
Total Marks: 40
Additional Material Required: Answer Booklet
READ THESE INSTRUCTIONS FIRST.
Write your candidate number and name on all the work you hand in.
Write in dark blue pen.
You may use an HB pencil for any diagrams, graphs or rough working.
Do not use staples, paper clips, glue or correction fluid.
Answer all questions.
You should show all your working in the booklet.
The number of marks is given in brackets [ ] at the end of each question or part question.
Finish your question paper in time and recheck your answer script before you submit to the
invigilator.
You may use the calculator as per the instructions given by the subject facilitator.
The total number of marks for this paper is 40
This document consists of 2 printed pages.
2
Section A
Answer all questions.
1 (a) Define the term outsourcing. [2]
(b) Explain one purpose of JIC (Just in Case) inventory management. [3]
2 (a) Define the term margin of safety. [2]
(b) Explain one way a business can decrease its break-even level of output. [3]
3 (a) Define the term industrial marketing.. [2]
(b) Explain one implication to a business of market growth. [3]
4 Analyse one impact on a business’s marketing decisions of using product
portfolio analysis. [5]
Section B
Answer one question only.
EITHER
5 (a) Analyse two limitations to a business of using contribution costing. [8]
(b) Evaluate whether working capital is the most important source of finance for a
start-up furniture manufacturer. [12]
OR
6 (a) Analyse two benefits to a business of improving the sustainability of its
operations. [8]
(b) ‘Supply Chain Management is the most important operations factor for the
success of a large internet retailer.’
Evaluate this view. [12]
TIPSE/AS Level/Revision 2/October 2024/Business/Paper 1
