Avoid silly mistakes in your Edexcel Business A-Level with our look into the common mistakes made on Paper 2 from 2017 to 2023. All I have done is download all the examiner reports and skimmed through them. I advise you do the same as the examiner reports are an underused resource with example answers, exactly what the examiners were looking for and, of course, common mistakes made by students in previous years.
Link to common mistakes made in Paper 1 - You should watch this as errors mentioned in this video and not been mentioned in the Paper 2 video. • Avoid These Common Mis...
Avoid these pitfalls to improve your grade:
Acid Test Ratio Calculation: Many students forget to deduct inventory from total current assets. Remember, the formula starts with (Current Assets - Inventory) / Current Liabilities.
Critical Path Analysis: A frequent oversight is the proper calculation of Early Start Times (ESTs) and Late Finish Times (LFTs). Ensure you understand how to determine the critical path accurately.
Capacity Utilisation: Students often struggle with the implications of low capacity utilisation, such as higher unit costs. It's crucial to explain these implications clearly.
Exchange Rates: Misunderstandings about the effects of currency depreciation on business operations are common. Specific economic concepts should be applied to the business context.
Productivity Misconceptions: Confusion often arises between increased productivity and increased production. Focus on the benefits of improved productivity.
Development of Arguments: Developing a solid line of reasoning is essential, especially in analysis and evaluation questions. Use models like the AIDA model to support your argument.
Ansoff’s Matrix Application: Connect your business strategies explicitly to Ansoff’s Matrix to demonstrate understanding and application.
Evidence and Examples: Always use relevant examples from the business context to support your analysis, such as demographic data or consumer behaviour.
Exchange Rates Misinterpretation: Practice interpreting data from charts and graphs to avoid confusion during exams.
PESTLE Misunderstandings: Make sure to associate social factors correctly with consumer trends rather than employee relations.
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