Business – Full Practice Paper

Progression Step 5 · Years 10–11

75 mins · 50 marks · Both

Practice only – not official WJEC past papers. Use alongside your school teaching and revision guides.

Use business terms. Show workings. 75 minutes.

Question 1[4 marks]
Two advantages of a sole trader.
Question 2[4 marks]
What is limited liability?
Question 3[6 marks]
Two elements of the marketing mix for a teen energy drink.
Question 4[6 marks]
Fixed costs £5000, VC £2, price £6. Break-even output?
Question 5[5 marks]
Benefit and drawback of internal recruitment.
Question 6[5 marks]
Profit vs cash; why profitable firm may run out of cash.
Question 7[6 marks]
Explain two methods of motivation (one financial, one non-financial).
Question 8[6 marks]
Identify two external factors that could affect a UK retailer and explain one.
Question 9[8 marks]
Recommend whether a growing sole trader should become a private limited company. Justify.