IGCSE Enterprise (0454) — May–June 2023, Paper 12

7 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.

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Question 1 · 10 marks · Enterprise and entrepreneurship

Finn is an enterprising person with entrepreneurial skills. State two sources of help and support for enterprises.

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Question 2 · 10 marks · Market research

Finn did not complete any market research before starting his campervan conversion enterprise. He did not consider the importance of customer satisfaction to his enterprise. State…

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Question 3 · 10 marks · Financial documents

The bank manager explained that enterprises need to keep financial records for many reasons. Explain two reasons why an enterprise needs to keep financial records.

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Question 4 · 10 marks · Legal and ethical considerations

Legal obligations and ethical considerations are important for many enterprises. Explain one reason why governments set laws and regulations for enterprises.

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Question 5 · 10 marks · Sources of help and support

The bank manager explained to Finn that enterprises usually produce financial and non-financial documents. State two ways a bank can assist enterprises.

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Question 6 · 25 marks · Enterprise and entrepreneurship

Analyse how Finn used two enterprise skills in setting up his campervan conversion enterprise.

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Question 7 · 25 marks · Negotiation

Analyse the importance of any two stages of negotiation in your enterprise project.

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