These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.
01 Hours 15 Minutes
40 Marks
Calculator is allowed
IB BUSINESS MANAGEMENT HL, Paper 1, November, 2022, TZ0, Solved Past Paper
Master the 2022 IB November for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question focuses on the marketing mix, specifically the 'place' element, and the methods used by ELE to appraise employees in its car rentals division. Understanding the distribution channels and employee appraisal methods is crucial for effective business operations and human resource management.
Question 1 [a] [Explanation]
This question asks you to outline two ways in which the 'place' element of the four Ps of the marketing mix is relevant to ELE. The 'place' element refers to how products are distributed to consumers, including physical distribution and distribution channels.
Question 1 [b] [Explanation]
This question asks you to explain the advantages and disadvantages of the methods ELE uses to appraise employees in its car rentals division. Employee appraisal methods are essential for evaluating performance, identifying training needs, and fostering professional growth.
Question 2 [Explained]
This question addresses the potential benefits and drawbacks of implementing cellular manufacturing in the Zeat factory, as well as the significance of e-commerce for ELE.
Question 2 [a] [Explanation]
This part of the question asks you to outline one advantage and one disadvantage for ELE of changing to cellular manufacturing in the Zeat factory.
Question 2 [b] [Explanation]
This part of the question asks you to explain the importance of e-commerce to ELE.
Question 3 [Explained]
This question is divided into two parts. The first part asks you to outline one advantage and one disadvantage of internal recruitment for ELE. The second part requires you to explain suitable internal sources of finance that ELE could have used to take over Zeat PLC.
Question 3 [a] [Explanation]
Internal recruitment refers to the process of filling job vacancies within a company from its existing workforce. This method has both advantages and disadvantages for a company like ELE.
Question 3 [b] [Explanation]
Internal sources of finance refer to funds that are generated within the company, as opposed to external sources like bank loans or selling shares. These internal sources can be used to finance various activities, including acquisitions.