Practice (Mock) Paper for Edexcel A Level Business PAPER 3 (with questions on the 2019 Context – The Market for Holidays in the UK and Abroad)
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This resource consists of a practice paper (with detailed mark scheme / answers) that tests various aspects of the Edexcel A Level specification (see below) in relation to the 2019 context of the Market for Holidays in the UK and Abroad.
It includes stimulus material, questions and detailed answers on the following specification topics:
- Theme 1: The market (niche markets), Market research (market orientation), Pricing strategies, Business objectives, Business choices.
- Theme 2: External finance (loans, share capital), Profit, Liquidity, Capacity utilisation, Economic influences (exchange rates – depreciation of the pound), The competitive environment.
- Theme 3: Impact of external influences, Corporate culture (difficulties in changing), Shareholders versus stakeholders, Interpretation of financial statements (comprehensive income and financial position), Ratio analysis, Key factors in change (organisational culture, managing resistance to change.
- Theme 4: Growing economies (emerging economies), Reasons for joint ventures, Marketing (adaptation of the marketing mix), Cultural / social factors.
The practice paper and mark scheme (level descriptors) are based on the structure, style and format of recent examinations set by Edexcel (at the time of writing) for the A Level Business Paper 3 exam.
The question paper includes space for students to write down their answers.
Answers are provided in paragraph form, rather than a list of relevant points anticipated to be raised in the answer.
Answers typically contain a range of examples of comments which can earn high marks in relation to the question set.
The author, Claire Baker, is an experienced teacher, examiner, author and the founder and Managing Director of APT. She has taught Business from ages 11 to 19 and has been an Examiner, Principal Examiner and Reviser for Business and Business related courses for a leading awarding body.
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