2023 AQA AS BUSINESS 7131/2 Paper 2
Business 2 Question Paper & Mark scheme
(Merged) June 2023 [VERIFIED]
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AS
BUSINESS
Paper 2 Business 2
Friday 26 May 2023 Afternoon Time allowed: 1 hour 30 minutes
Materials
For this paper you must have: For Examiner’s Use
• the Insert (enclosed) Question Mark
• a calculator.
1
Instructions 2
• Use black ink or black ball-point pen. 3
• Fill in the boxes at the top of this page. 4
• Answer all questions.
5
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages. 6
• If you need extra space for your answer(s), use the lined pages at the end of 7
this book. Write the question number against your answer(s). 8
• Do all rough work in this answer book. Cross through any work you do
not want to be marked. TOTAL
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
*JUN237131201*
IB/G/Jun23/E8 7131/2
, 2
Do not write
outside the
Answer all questions. box
Read the source in the Insert.
0 1 Figure 1: Global balloon market values
2020 2021 2022
$227 million $260 million $287 million
The UK balloon market accounted for 25% of the global market in 2020 and 30% of
the global market in 2022.
Using Figure 1, calculate the percentage increase in the size of the UK balloon
market between 2020 and 2022.
Give your answer to two decimal places.
[3 marks]
Extra space
3
*02*
IB/G/Jun23/7131/2
, 3
Do not write
outside the
0 2 Figure 2: BB financial data for 3000 units box
3000 units sold
Total revenue £105 000
Total fixed costs £5 700
Total variable costs £17 250
Using Figure 2, calculate the total contribution if BB only sells 1000 units.
[3 marks]
Extra space
3
Turn over for the next question
Turn over ►
*03*
IB/G/Jun23/7131/2
, 4
Do not write
outside the
0 3 The price elasticity of demand for BB’s products is –0.5. box
Explain one benefit to BB of operating in the market with this price elasticity
of demand value.
[4 marks]
Extra space
4
*04*
IB/G/Jun23/7131/2
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