2025 Pearson Edexcel GCSE Business Paper 1 and Mark Scheme Combined (1BS0/01: Investigating small business)

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2025 Pearson Edexcel GCSE Business Paper 1 and Mark Scheme Combined (1BS0/01: Investigating small business)

Paper 1 is the Investigating Small Business component of the Pearson Edexcel GCSE Business qualification (1BS0/01). It assesses students’ understanding of small-scale business operations, introducing key business concepts, decision-making processes, and the practical challenges faced by entrepreneurs.

This paper is designed to test knowledge, application, and analysis of business concepts in a small business context.

✔ What the Paper Covers

Paper 1 focuses on topics including:

🏷 Business Activity and Enterprise

Purpose and role of business

Characteristics of entrepreneurs

Business objectives and success factors

📈 Marketing and Market Research

Identifying customer needs

Market research methods

Marketing mix (product, price, place, promotion)

💼 Operations and Finance

Production methods and quality

Cash flow, profit, and financial records

Sources of finance for small businesses

📊 Decision-Making and Business Planning

Planning and starting a small business

Assessing business risks and opportunities

Using data to make informed decisions

✔ Structure of the Paper

Paper 1 includes:

Multiple-choice questions

Short-answer questions

Scenario-based and data-response questions

Extended-response questions requiring analysis of business decisions

The focus is on realistic small business scenarios, encouraging students to apply knowledge to practical situations.

✔ Mark Scheme (Included in the Combined Document)

The combined question paper + mark scheme includes:

Correct answers for multiple-choice and short-answer questions

Model answers and marking guidance for scenario-based questions

Mark allocation for knowledge, application, and analysis

Guidance on awarding partial marks for partially correct responses

Marking emphasizes:

Accurate use of business terminology

Application of business concepts to scenarios

Logical analysis and supported evaluations

Paper 1 complements Paper 2 (1BS0/02), giving students a comprehensive understanding of both small business operations and broader business principles.

Specifications

Author	Proficient Academic Tutor
Published	09 Dec 2025
Included files	PDF
2025 Pearson Edexcel GCSE Business Paper 1 and Mark Scheme Edexcel GCSE Business 1BS0 1BS0/01 Investigating Small Business Business Paper 1 Business Exam Entrepreneurship Marketing