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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

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IB BUSINESS MANAGEMENT HL, Paper 1, November, 2021, TZ0, Solved Past Paper

Master the 2021 IB November for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

This question involves understanding the features of a merger and the strategies employed by a company, MM, to achieve sustainability. The context provided is based on a business scenario where MM is involved in a merger and is also focusing on sustainable practices.

Question 1 [a] [Explanation]

This sub-question requires you to describe two features of a merger, specifically referencing MM. A merger is a business strategy where two or more companies combine to form a single entity. The goal is often to create synergies, expand market reach, or achieve other strategic objectives.

Question 1 [b] [Explanation]

This sub-question asks you to explain the strategies used by MM to achieve sustainability. Sustainability encompasses environmental, social, and economic dimensions, and the strategies should address these aspects to ensure long-term viability and responsibility.

Question 2 [Explained]

This question deals with the concept of decentralization within an organization and how it can impact the company's operations. Decentralization refers to the delegation of decision-making authority to lower levels in an organization's hierarchy. This can involve various aspects such as operations, wages, contracts, prices, and menus. The question also explores how MM, a company with operations in both Europe and Africa, could manage stakeholder conflict related to its gold mine in Egypt.

Question 2 [a] [Explanation]

Describe one advantage and one disadvantage for MM of decentralization.

Question 2 [b] [Explanation]

Explain how MM could reduce stakeholder conflict in relation to its gold mine in Egypt.

Question 3 [Explained]

This question involves understanding the differences in marketing strategies for MM's two distinct business areas: minerals (a product) and hotels (a service). Additionally, it requires an explanation of strategies MM could use to improve cash flow in its palladium mine in South Africa.

Question 3 [a] [Explanation]

In this part, you are asked to describe two differences between marketing minerals and marketing hotels for MM. Minerals are a product, while hotels are a service, and each requires a different marketing approach.

Question 3 [b] [Explanation]

This part of the question asks you to explain strategies that MM could use to improve cash flow in its palladium mine in South Africa. The focus should be on practical and relevant strategies that can address the specific financial challenges faced by the mine.