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WJEC · GCSE · Business Studies

Free WJEC GCSE Business Studies
Practice Paper

8 mixed-difficulty practice questions in the style of real WJEC GCSE papers — answers, mark-scheme-style explanations, and the official exam structure all on one page.

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What the real WJEC GCSE Business Studies paper looks like

Paper 1
Approximately 1 hour 30 minutes, ~70-100 marks. Covers Topics 1-4 of the specification.
Paper 2
Approximately 1 hour 30 minutes, ~70-100 marks. Covers Topics 5-8 of the specification.
Paper 3
Where applicable — e.g. Combined Science, Languages. Includes synoptic and applied questions.
Total exam time: ~3 hours across two or three papers.
Grading: Grades: 9 (highest) to 1 (lowest), with U (ungraded). A grade of 4 is a standard pass; 5 is a strong pass.

Mini practice paper: 8 questions

Mixed-difficulty questions from across the Business Studies syllabus. Tap "Show answer" after each to check yourself.

Q1 · Difficulty 1/3

What is a reference?

  1. A report on an applicant from a previous employer or teacher
  2. A list of jobs available in the business
  3. A test of the applicant's skills
  4. A payment made to new employees
Show answer & explanation
✓ Answer: A — A report on an applicant from a previous employer or teacher
Award 1 mark. References help check the applicant's reliability.
Q2 · Difficulty 1/3

What is a shareholder?

  1. A person who works for a company for a wage
  2. A customer who buys a company's products
  3. A person who owns part of a company by holding shares
  4. A supplier who sells goods to a company
Show answer & explanation
✓ Answer: C — A person who owns part of a company by holding shares
Award 1 mark. Shareholders may receive dividends and can vote on major decisions.
Q3 · Difficulty 1/3

What is an "innovation"?

  1. Copying a rival's product exactly without changes
  2. Closing an unprofitable branch of a business
  3. Turning a new idea into a product or process that can be sold or used
  4. Reducing the number of staff to cut costs
Show answer & explanation
✓ Answer: C — Turning a new idea into a product or process that can be sold or used
Award 1 mark. Invention creates an idea; innovation brings it successfully to market.
Q4 · Difficulty 1/3

Which is a sales promotion?

  1. A newspaper advert
  2. Buy one, get one free
  3. Sponsoring a football team
  4. A press release
Show answer & explanation
✓ Answer: B — Buy one, get one free
Award 1 mark. Sales promotions give short-term incentives to buy. The other options (A newspaper advert; Sponsoring a football team; and A press release) do not fit.
Q5 · Difficulty 1/3

What is a "gap in the market"?

  1. A period of time when the shops are closed
  2. A sudden fall in a business's profit for the year
  3. A customer need that no business is currently meeting
  4. A physical space between two shops on a street
Show answer & explanation
✓ Answer: C — A customer need that no business is currently meeting
Award 1 mark. Gaps represent business opportunities if demand exists.
Q6 · Difficulty 1/3

A business has total revenue of $150,000 and total costs of $110,000. What is its profit?

  1. $260,000
  2. $40,000
  3. $110,000
  4. $15,000
Show answer & explanation
✓ Answer: B — $40,000
$40,000 is correct because Profit = Total Revenue − Total Costs = $150,000 − $110,000 = $40,000. Option C restates total costs only. Option D divides revenue by 10, which has no basis in the formula.
Q7 · Difficulty 1/3

Which sector of industry includes farming and fishing?

  1. The secondary sector
  2. The tertiary sector
  3. The public sector
  4. The primary sector
Show answer & explanation
✓ Answer: D — The primary sector
Award 1 mark. Primary extracts raw materials; secondary manufactures; tertiary provides services. The other options (The secondary sector; The tertiary sector; and The public sector) do not fit.
Q8 · Difficulty 1/3

Which is an internal source of finance?

  1. Retained profit
  2. A bank loan
  3. A government grant
  4. Trade credit
Show answer & explanation
✓ Answer: A — Retained profit
Award 1 mark. Internal sources come from within the business itself. The other options (A bank loan; A government grant; and Trade credit) do not fit.
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WJEC GCSE Business Studies FAQ

What does the WJEC GCSE Business Studies exam look like?
The WJEC GCSE Business Studies exam is structured across 3 components. Paper 1: Approximately 1 hour 30 minutes, ~70-100 marks. Covers Topics 1-4 of the specification. Paper 2: Approximately 1 hour 30 minutes, ~70-100 marks. Covers Topics 5-8 of the specification. Paper 3: Where applicable — e.g. Combined Science, Languages. Includes synoptic and applied questions. Total exam time: ~3 hours across two or three papers.
Can I download a free WJEC GCSE Business Studies past paper?
Real WJEC past papers are published directly by WJEC on their official website. Kramizo doesn't redistribute copyrighted past papers, but we do generate free AI-written practice papers in the exact same style — same command words, same difficulty tier, same mark conventions. Use this practice paper as warm-up, then time yourself on official past papers before exam day.
How is WJEC GCSE Business Studies graded?
Grades: 9 (highest) to 1 (lowest), with U (ungraded). A grade of 4 is a standard pass; 5 is a strong pass. Kramizo's practice questions are tagged with difficulty 1-3 mapping roughly to the lower, middle, and top grade boundaries you'll encounter in the real exam.