Cambridge IGCSE Enterprise 0454 — 2023 May/June Paper 1 · Variant 1

0454/11/M/J/23 · 100 marks · ≈113 min

The question paper and its mark scheme, free to read here and free to download. This is Cambridge’s own paper, exactly as it was sat.

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Mark scheme24 pages

Answers below. Sit the paper first if you are practising.

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Paper as text

Question paper, page 1

This document has 16 pages. Any blank pages are indicated. [Turn over Cambridge IGCSE™ ENTERPRISE 0454/11 Paper 1 May/June 2023 1 hour 30 minutes You must answer on the question paper. You will need: Insert (enclosed) INSTRUCTIONS ● Answer all questions. ● Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs. ● Write your name, centre number and candidate number in the boxes at the top of the page. ● Write your answer to each question in the space provided. ● Do not use an erasable pen or correction fluid. ● Do not write on any bar codes. INFORMATION ● The total mark for this paper is 100. ● The number of marks for each question or part question is shown in brackets [ ]. ● You should have received a copy of the case study before the examination. A copy of the case study is provided with this question paper as an insert. * 5 9 7 6 2 5 3 4 8 6 * DC (CJ) 312245/1 © UCLES 2023

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2 0454/11/M/J/23 © UCLES 2023 Section A Answer all questions. 1 Chinmaya is intending to set up a business enterprise, but he has not considered which type of business organisation to choose. (a) Explain the difference between a business enterprise and a social enterprise. … … … … [2] (b) Explain two potential stakeholders in your enterprise project. 1 … … … … 2 … … … … [4] (c) Explain one benefit of an enterprise operating as a partnership. … … … … [2] (d) Explain one disadvantage of an enterprise operating as a partnership. … … … … [2] [Total: 10]

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3 0454/11/M/J/23 © UCLES 2023 [Turn over 2 After his conversation with Jiayi, Chinmaya decided to complete some market research. (a) State two methods of primary research. 1 … … 2 … … [2] (b) Explain two advantages of using websites as a method of secondary research in your enterprise project. 1 … … … … 2 … … … … [4] (c) Explain two potential negative effects on an enterprise if it does not deal effectively with its customers’ complaints. 1 … … … … 2 … … … … [4] [Total: 10]

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4 0454/11/M/J/23 © UCLES 2023 3 Jiayi showed Chinmaya a possible layout for a business plan. (a) State two items usually included in the human resources section of a business plan. 1 … 2 … [2] (b) Explain one way that producing a business plan would have helped Chinmaya’s enterprise. … … … … … … [3] (c) Explain one reason why a business plan may need to be updated. … … … … [2] (d) Explain one non-financial document, other than a business plan, that could have helped Chinmaya in his enterprise. … … … … … … [3] [Total: 10]

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5 0454/11/M/J/23 © UCLES 2023 [Turn over 4 Chinmaya thought that it was illegal for the newspaper employee to use his photos without permission. Jiayi explained that this was not illegal, but was unethical. (a) Explain the difference between legal responsibilities and ethical considerations. … … … … [2] (b) Explain one reason why the employee at the local newspaper might have decided to behave unethically. … … … … … … [3] (c) Explain one area of legislation that could affect Chinmaya’s enterprise. Use an example from the case study to support your answer. … … … … … … [3] (d) Explain one action Chinmaya could take that would have a positive impact on his local community. … … … … [2] [Total: 10]

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6 0454/11/M/J/23 © UCLES 2023 5 Chinmaya needs to consider the potential costs and revenue before deciding if the ecommerce enterprise is worthwhile. (a) Calculate Chinmaya’s revenue if he sells 10 photos. … … … … [2] (b) Calculate the total number of photos Chinmaya will need to sell to break even. Show your working using the following headings. Fixed costs: [1] Variable cost of each photo sold: [2] Contribution of each photo sold: [1] Break-even number of photos: [1] (c) Explain one way Chinmaya could reduce the break-even number of photos he needs to sell. … … … … … … [3] [Total: 10]

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7 0454/11/M/J/23 © UCLES 2023 [Turn over Section B Answer all questions. 6 (a) Enterprising people have many attributes, characteristics and learned skills. These include: • creativity • motivation • problem-solving • resourcefulness. Analyse how using two of these skills could help Chinmaya to be successful in his proposed new enterprise. Use examples from the case study to support your answer. … … … … … … … … … … … … … … … … … … … … … [10]

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8 0454/11/M/J/23 © UCLES 2023 (b) Chinmaya intends to use his website and social media to advertise his proposed enterprise. Evaluate whether using only online communication and social media as methods of marketing is the best decision for Chinmaya’s proposed enterprise. You should consider other methods of marketing communication in your answer. … … … … … … … … … … … … … … … … … … … … … … … … …

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9 0454/11/M/J/23 © UCLES 2023 [Turn over … … … … … … … … … … … … … … … … … … … … … … … … … … … … [15]

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11 0454/11/M/J/23 © UCLES 2023 [Turn over 7 Now consider your enterprise project. (a) Analyse two actions that you could have taken which would have improved the success of the presentation given as part of your enterprise project. Use examples to support your answer. … … … … … … … … … … … … … … … … … … … … … … … … … [10]

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12 0454/11/M/J/23 © UCLES 2023 (b) The enterprise process involves the following six stages: 1. identifying the problem or need or want 2. exploring creative solutions 3. action planning 4. implementing the plan 5. monitoring progress 6. evaluation of successes and failures. Evaluate how important three of these stages were to the success of your enterprise project. Use examples to support your answer. … … … … … … … … … … … … … … … … … … … … … …

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13 0454/11/M/J/23 © UCLES 2023 … … … … … … … … … … … … … … … … … … … … … … … … … … … … [15]

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16 0454/11/M/J/23 © UCLES 2023 Permission to reproduce items where third-party owned material protected by copyright is included has been sought and cleared where possible. Every reasonable effort has been made by the publisher (UCLES) to trace copyright holders, but if any items requiring clearance have unwittingly been included, the publisher will be pleased to make amends at the earliest possible opportunity. To avoid the issue of disclosure of answer-related information to candidates, all copyright acknowledgements are reproduced online in the Cambridge Assessment International Education Copyright Acknowledgements Booklet. This is produced for each series of examinations and is freely available to download at www.cambridgeinternational.org after the live examination series. Cambridge Assessment International Education is part of Cambridge Assessment. Cambridge Assessment is the brand name of the University of Cambridge Local Examinations Syndicate (UCLES), which is a department of the University of Cambridge. BLANK PAGE

Mark scheme, page 1

This document consists of 24 printed pages. © UCLES 2023 [Turn over Cambridge IGCSE™ ENTERPRISE 0454/11 Paper 1 Case Study May/June 2023 MARK SCHEME Maximum Mark: 100 Published This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking began, which would have considered the acceptability of alternative answers. Mark schemes should be read in conjunction with the question paper and the Principal Examiner Report for Teachers. Cambridge International will not enter into discussions about these mark schemes. Cambridge International is publishing the mark schemes for the May/June 2023 series for most Cambridge IGCSE, Cambridge International A and AS Level and Cambridge Pre-U components, and some Cambridge O Level components.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 2 of 24 Generic Marking Principles These general marking principles must be applied by all examiners when marking candidate answers. They should be applied alongside the specific content of the mark scheme or generic level descriptors for a question. Each question paper and mark scheme will also comply with these marking principles. GENERIC MARKING PRINCIPLE 1: Marks must be awarded in line with:  the specific content of the mark scheme or the generic level descriptors for the question  the specific skills defined in the mark scheme or in the generic level descriptors for the question  the standard of response required by a candidate as exemplified by the standardisation scripts. GENERIC MARKING PRINCIPLE 2: Marks awarded are always whole marks (not half marks, or other fractions). GENERIC MARKING PRINCIPLE 3: Marks must be awarded positively:  marks are awarded for correct/valid answers, as defined in the mark scheme. However, credit is given for valid answers which go beyond the scope of the syllabus and mark scheme, referring to your Team Leader as appropriate  marks are awarded when candidates clearly demonstrate what they know and can do  marks are not deducted for errors  marks are not deducted for omissions  answers should only be judged on the quality of spelling, punctuation and grammar when these features are specifically assessed by the question as indicated by the mark scheme. The meaning, however, should be unambiguous. GENERIC MARKING PRINCIPLE 4: Rules must be applied consistently, e.g. in situations where candidates have not followed instructions or in the application of generic level descriptors.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 3 of 24 GENERIC MARKING PRINCIPLE 5: Marks should be awarded using the full range of marks defined in the mark scheme for the question (however; the use of the full mark range may be limited according to the quality of the candidate responses seen). GENERIC MARKING PRINCIPLE 6: Marks awarded are based solely on the requirements as defined in the mark scheme. Marks should not be awarded with grade thresholds or grade descriptors in mind.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 4 of 24 Social Science-Specific Marking Principles (for point-based marking) 1 Components using point-based marking:  Point marking is often used to reward knowledge, understanding and application of skills. We give credit where the candidate’s answer shows relevant knowledge, understanding and application of skills in answering the question. We do not give credit where the answer shows confusion. From this it follows that we: a DO credit answers which are worded differently from the mark scheme if they clearly convey the same meaning (unless the mark scheme requires a specific term) b DO credit alternative answers/examples which are not written in the mark scheme if they are correct c DO credit answers where candidates give more than one correct answer in one prompt/numbered/scaffolded space where extended writing is required rather than list-type answers. For example, questions that require n reasons (e.g. State two reasons …). d DO NOT credit answers simply for using a ‘key term’ unless that is all that is required. (Check for evidence it is understood and not used wrongly.) e DO NOT credit answers which are obviously self-contradicting or trying to cover all possibilities f DO NOT give further credit for what is effectively repetition of a correct point already credited unless the language itself is being tested. This applies equally to ‘mirror statements’ (i.e. polluted/not polluted). g DO NOT require spellings to be correct, unless this is part of the test. However spellings of syllabus terms must allow for clear and unambiguous separation from other syllabus terms with which they may be confused (e.g. Corrasion/Corrosion) 2 Presentation of mark scheme:  Slashes (/) or the word ‘or’ separate alternative ways of making the same point.  Semi colons (;) bullet points (•) or figures in brackets (1) separate different points.  Content in the answer column in brackets is for examiner information/context to clarify the marking but is not required to earn the mark (except Accounting syllabuses where they indicate negative numbers).

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 5 of 24 3 Calculation questions:  The mark scheme will show the steps in the most likely correct method(s), the mark for each step, the correct answer(s) and the mark for each answer  If working/explanation is considered essential for full credit, this will be indicated in the question paper and in the mark scheme. In all other instances, the correct answer to a calculation should be given full credit, even if no supporting working is shown.  Where the candidate uses a valid method which is not covered by the mark scheme, award equivalent marks for reaching equivalent stages.  Where an answer makes use of a candidate’s own incorrect figure from previous working, the ‘own figure rule’ applies: full marks will be given if a correct and complete method is used. Further guidance will be included in the mark scheme where necessary and any exceptions to this general principle will be noted. 4 Annotation:  For point marking, ticks can be used to indicate correct answers and crosses can be used to indicate wrong answers. There is no direct relationship between ticks and marks. Ticks have no defined meaning for levels of response marking.  For levels of response marking, the level awarded should be annotated on the script.  Other annotations will be used by examiners as agreed during standardisation, and the meaning will be understood by all examiners who marked that paper.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 6 of 24 Question Answer Marks Guidance 1(a) Explain the difference between a business enterprise and a social enterprise. Precise explanation showing understanding of difference [2] Imprecise explanation showing some understanding of either term [1] Answers may include: Business enterprise has profit as its main aim [1] Social enterprise aims to better society/improve welfare. [1] 2 1(b) Explain two potential stakeholders in your enterprise project. Each answer should be marked as follows: Identification of a stakeholder not related to their own enterprise [1] Explanation linking to the candidate’s enterprise project [+1] Answers may include:  employees  owners/shareholders  customers  government  local community  suppliers  financiers/lenders  competitors. Example: Competitors [1] would compete with us for sales of candles. [+1] 4 AO1 – 2 AO2 – 2

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 7 of 24 Question Answer Marks Guidance 1(c) Explain one benefit of an enterprise operating as a partnership. Identification of a benefit [1] Explanation of benefit showing understanding [+1] Answers may include:  easy to set up [1] as there are few legal requirements [+1]  partners can share the workload [1] reducing the pressure on each partner [+1]  partners bring more ideas [1] therefore better decision making [+1]  decision making is shared [1] so better decisions may be made [+1]  more finance can be raised [1] as each partner will invest [+1]  partners bring more skills [1] can specialise in part of the enterprise. [+1] 2 AO1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 8 of 24 Question Answer Marks Guidance 1(d) Explain one disadvantage of an enterprise operating as a partnership. Identification of a disadvantage [1] Explanation of disadvantage showing understanding [+1] Answers might include:  unlimited liability [1] personal possessions could be taken to pay for any debt [+1]  decisions made by one partner legally binding on all other partners [1] if one person takes a loan the remaining partners must pay the debt [+1]  difficult to raise finance [1] as cannot sell shares [+1]  disagreements between partners [1] may reduce efficiency [+1]  must share profit [1] which would not be true as a sole trader. [+1] 2 AO1 2(a) State two methods of primary research. Each correct method [1] Answers may include:  survey  questionnaire  interviews  consumer panels  focus groups  observation  test marketing. 2 AO1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 9 of 24 Question Answer Marks Guidance 2(b) Explain two advantages of using websites as a method of secondary research in your enterprise project. Each advantage should be marked as follows: Identification of an advantage [1] Explanation showing applied understanding [+1] Answers may include:  low cost [1] as we had little finance for our candles [+1]  easily available [1] as students we had no experience of research [+1]  less time consuming [1]  wide range of material available. [1] 4 AO1 – 2 AO2 – 2 2(c) Explain two potential negative effects on an enterprise if it does not deal effectively with its customers’ complaints. Each effect should be marked as follows: Identification of a negative effect [1] Explanation showing why this would arise [1] Answers may include:  unhappy customers [1] increasing problems for staff [+1]  less customer retention [1] therefore will need to gain more new customers [+1]  poor word of mouth advertising [1] losing potential customers [+1]  poor brand image/ poor reputation [1] reducing sales revenue. [+1] 4 AO1 – 2 AO3 – 2

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 10 of 24 Question Answer Marks Guidance 3(a) State two items usually included in the human resources section of a business plan. 1 mark per correct point. Answers may include:  employees’ names  job roles  employees experience/existing skills  wages  recruitment  training required/given  skills required. 2 AO1 3(b) Explain one way that producing a business plan would have helped Chinmaya’s enterprise. Identification of a way [1] Explanation showing how this would assist an enterprise [+1] Application to the case study [1] Answers may include:  used to gain finance [1] as financiers check if you can afford the finance [+1]  identifies the amount of finance required  checks the viability of the idea  helps the entrepreneur make marketing decisions  used to produce targets to measure success  ensures all aspects of enterprise have been considered. Example: Checks the viability of the idea [1] so Chinmaya will be able to see if he is likely to gain sufficient customers [+1] to make setting up the website worthwhile. [1] 3 AO1 – 1 AO2 – 1 AO3 – 1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 11 of 24 Question Answer Marks Guidance 3(c) Explain one reason why a business plan may need to be updated. Identification of a reason [1] Explanation showing understanding [+1] Answers may include:  achieved original objectives  costs changed  change in the market conditions – customers, competitors  change of ownership  need additional finance  enterprise growth. Example: The enterprise requires additional finance [1] and must prove to lenders that they can afford the new repayment costs. [+1] 2 AO1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 12 of 24 Question Answer Marks Guidance 3(d) Explain one non-financial document, other than a business plan, that could have helped Chinmaya in his enterprise. Identification of a document [1] Explanation showing understanding of how it helps an enterprise [+1] Application to case study [1] Answers may include:  action plan  minutes of a meeting  meeting agenda  notice of meeting. Example: An action plan [1] would ensure he did not forget important tasks [+1] such as advertising the new photography service. [1] 3 AO1 – 1 AO2 – 1 AO3 – 1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 13 of 24 Question Answer Marks Guidance 4(a) Explain the difference between legal responsibilities and ethical considerations. Explanation of both terms showing explicit difference [2] Explanation of one term showing some understanding [1] Answers may include: Ethical considerations:  moral values or principles  doing the right thing. Legal responsibilities:  actions governed by law  actions you must complete or face consequences such as fines. 2 AO1 4(b) Explain one reason why the employee at the local newspaper might have decided to behave unethically. Identification of a reason [1] Explanation showing why this occurred. [+1] Application to local magazine enterprise/photographs [1] Answers may include:  to save money  to save time  unaware the action was unethical. Example: To save money [1] using photographs downloaded from social media is free [1] so saving costs. [+1] 3 AO1 – 1 AO2 – 1 AO3 – 1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 14 of 24 Question Answer Marks Guidance 4(c) Explain one area of legislation that could affect Chinmaya’s enterprise. Use an example from the case study to support your answer. Identification of a legislation [1] Explanation showing understanding of the legislation [+1] Application to the case study [1] Answers may include:  employment  production  marketing and selling  finance. Example: If Chinmaya employs a web designer to set up the website [1] he must pay that person [1] the amount agreed. [+1] 3 AO1 – 1 AO2 – 1 AO3 – 1 4(d) Explain one action Chinmaya could take that would have a positive impact on his local community. Identification of an action affecting the local communities [1] Application to the case study [1] Answers may include:  supporting community actions e.g. sponsorship  giving to local charity  reduce pollution. Example: Chinmaya could donate some of his photographs [1] for the local magazine to use. [1] 2 AO1 – 1 AO2 – 1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 15 of 24 Question Answer Marks Guidance 5(a) Calculate Chinmaya’s revenue if he sells 10 photographs. US $100 [2] If answer incorrect marks can be awarded for method: Total revenue = Price  quantity sold. [1] 2 AO1 – 1 AO2 – 1 5(b) Calculate the total number of photos Chinmaya will need to sell to break even. Show your working using the following headings: 53 photographs [5] 52.63 [4] If answer incorrect marks are awarded for method as follows: 500/(10 – 0.50) [3] Or Contribution = 9.50 [2] Or Break even = Fixed cost/(Price – variable cost)[1] Fixed cost = $500 [1] Variable cost of each photo =5% of $10 [1] or 50c [1] 5 AO1 – 1 AO2 – 3 AO3 – 1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 16 of 24 Question Answer Marks Guidance 5(c) Explain one way Chinmaya could reduce the break-even number of photos he needs to sell. Identification of a way to reduce break even quantity [1] Explanation showing how this would work [+1] Application to case study [1] Answers could include:  reduce fixed costs  increase selling price  reduce variable costs. Example: Choosing a cheaper website designer [1] would lower fixed costs [1] below US$500.[+1] 3 AO1 – 1 AO2 – 1 AO3 – 1

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 17 of 24 Question Answer Marks Guidance 6(a) Enterprising people have many attributes, characteristics and learned skills. These include:  creativity  motivation  problem-solving  resourcefulness. Analyse how using two of these skills could help Chinmaya to be successful in his proposed new enterprise. Use examples from the case study to support your answer. Level Description Mark 3 Good analysis consistently applied to the case study Demonstrates good knowledge of concepts 8–10 2 Some analysis supported by good application to the case study Demonstrates knowledge of concepts 4–7 1 Limited application to the case study Demonstrates knowledge of concepts 1–3 0 No creditable response 0 10 The grade descriptions describe performance at the top of the band.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 18 of 24 Question Answer Marks Guidance 6(a) Knowledge may include:  Identification of any enterprise skill from syllabus topic 3.1 such as: practical skills, problem-solving, time management, (self)confidence, resourcefulness, innovation, initiative, taking risks, taking responsibility, determination, creativity and perseverance. Phrases which demonstrate some analysis may include: Chinmaya was creative when he took photos of the buildings he admired. Phrases which demonstrate good analysis will the impact of this on Chinmaya and his enterprise. These may include: Chinmaya used creativity when he took his photos which allowed him to develop an income.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 19 of 24 Question Answer Marks Guidance 6(b) Chinmaya intends to use his website and social media to advertise his proposed enterprise. Evaluate whether using only online communication and social media as methods of marketing is the best decision for Chinmaya’s proposed enterprise. You should consider other methods of marketing communication in your answer. [15] Level Description Mark 4 Clear reasoned evaluation is present Good analysis applied consistently to the case study Demonstrates good knowledge of relevant concepts 12–15 3 Good analysis applied consistently to the case study is leading to evaluation Demonstrates knowledge of relevant concepts 8–11 2 Some application to the case study supported by some analysis Demonstrates knowledge of relevant concepts. 4–7 1 Limited application to the case study Demonstrates some knowledge of relevant concepts. 1–3 0 No creditable response 0 15 The grade descriptions describe performance at the top of the band.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 20 of 24 Question Answer Marks Guidance 6(b) Knowledge may include:  Stated costs /benefits of online and social media  Alternative methods of marketing communication. Phrases which demonstrate some analysis may include:  Chinmaya can use/link his online communication/social media account with his ecommerce site.  Explained costs /benefits of online. Phrases which demonstrate good analysis will show why this is a point to consider and may include:  Chinmaya may find that his images can easily be stolen from the site reducing his potential income/sales revenue. Evaluation maybe shown by a two-sided approach considering the benefit and negative aspects of each choice.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 21 of 24 Question Answer Marks Guidance 7(a) Analyse two actions that you could have taken which would have improved the success of the presentation given as part of your enterprise project. Use examples to support your answer. [10] Level Description Mark 3 Good analysis consistently applied to their own enterprise experience. Demonstrates good knowledge of concepts 8–10 2 Some analysis supported by good application to their own enterprise experience. Demonstrates knowledge of concepts 4–7 1 Limited application to their own enterprise experience. Demonstrates knowledge of concepts 1–3 0 No creditable response 0 Knowledge may include:  identification of actions that could be taken e.g. research, provide more detailed work, add images. Phrases which demonstrate some analysis may include: I would research the exact costs for the candles and calculated the profit we could make. Adding pictures to the power point to show the candles. 10 The grade descriptions describe performance at the top of the band.

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0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 22 of 24 Question Answer Marks Guidance 7(a) Phrases which demonstrate good analysis will the impact of this action on the success/failure of the presentation. These may include: I researched the exact costs for the candles and calculated the profit we could make therefore the lender was willing to offer us the loan. By clearly explaining what we were going to produce in the candle enterprise with images this led to the audience understanding what we intended to do.

Mark scheme, page 23

0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 23 of 24 Question Answer Marks Guidance 7(b) The enterprise process involves the following six stages: 1 identifying the problem or need or want 2 exploring creative solutions 3 action planning 4 implementing the plan 5 monitoring progress 6 evaluation of successes and failures. Evaluate how important three of these stages were to the success of your enterprise project. Use examples to support your answer.[15] Level Description Mark 4 Clear reasoned evaluation is present Good analysis applied consistently to their enterprise Demonstrates good knowledge of relevant concepts 12–15 3 Good analysis applied consistently to their enterprise is leading to evaluation Demonstrates knowledge of relevant concepts 8–11 2 Some application to their enterprise supported by some analysis Demonstrates knowledge of relevant concepts 4–7 1 Limited application to their enterprise Demonstrates some knowledge of relevant concepts 1–3 0 No creditable response 0 15 The grade descriptions describe performance at the top of the band.

Mark scheme, page 24

0454/11 Cambridge IGCSE – Mark Scheme PUBLISHED May/June 2023 © UCLES 2023 Page 24 of 24 Question Answer Marks Guidance 7(b) Knowledge may include:  description of meaning of each stage. Phrases which demonstrate some analysis may include: Action planning helped me to know when to start production of the candles to meet my deadlines. Phrases which demonstrate good analysis will show why this is a point to consider and may include: Action planning helped me to know when to start production of the candles to meet my deadlines. This ensured there were enough available for the selling day so I gained enough revenue to cover my costs. Evaluation maybe shown by a two-sided approach considering the benefit and negative aspects of each choice.

What you needed in this session

Cambridge’s own grade thresholds for 2023 May/June, Paper 1 · Variant 1. A higher threshold means an easier paper — the bar moves with how the cohort did.

A50/100
B42/100
C35/100
D30/100
E26/100
F21/100
G16/100