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.
02 Hours 15 Minutes
60 Marks
Calculator is allowed
IB BUSINESS MANAGEMENT HL, Paper 1, November, 2020, TZ0, Solved Past Paper
Master the 2020 IB November for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question focuses on two key aspects related to DA (a company): the methods of sampling used for market research and the factors to consider before outsourcing production. The aim is to understand the practical application of sampling methods in a business context and to evaluate the strategic considerations involved in outsourcing.
Question 1 [a] [Explanation]
This part of the question asks for an outline of two suitable methods of sampling that DA could use. Sampling is a technique used to gather information from a subset of a population, which can then be generalized to the entire population. In the context of DA, sampling is used to recognize brand name and gather customer insights.
Question 1 [b] [Explanation]
This part of the question asks for an explanation of the factors that DA would need to consider before deciding to outsource some of its production. Outsourcing involves contracting out certain business functions or processes to external providers. The decision to outsource can have significant implications for quality, cost, control, and other aspects of the business.
Question 2 [Explained]
This question is about identifying and explaining two STEEPLE factors that have influenced DA's business strategy. STEEPLE stands for Social, Technological, Economic, Environmental, Political, Legal, and Ethical factors. These factors help businesses understand the external environment and make strategic decisions accordingly.
Question 2 [a] [Explanation]
Outline two STEEPLE factors that have influenced DA's business strategy.
Question 2 [b] [Explanation]
Explain how knowledge of the product life cycle may have influenced DA's product range.
Question 3 [Explained]
This question requires an analysis of the leadership styles of two individuals, Viv and Salah, and an explanation of the benefits of each style. Additionally, it asks for a discussion on suitable sources of finance for a specific business option, considering the context of the business.
Question 3 [a] [Explanation]
In this part of the question, you are asked to outline one benefit of Viv's leadership style and one benefit of Salah's leadership style. The focus is on identifying the advantages of their respective approaches to leadership.
Question 3 [b] [Explanation]
This part of the question asks you to explain suitable sources of finance for Option B. You need to consider various factors such as the amount needed, the nature of the business, and the potential impact on shareholders and the company's financial policies.