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, 2019, TZ0, Solved Past Paper
Master the 2019 IB November for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question involves understanding the advantages of using job or customized production for a company named Accord, as well as how Accord can differentiate its product, Enrich, from competitors. Job or customized production refers to the process of creating unique, tailor-made products for individual customers, rather than mass-producing identical items.
Question 1 [a] [Explanation]
This question asks you to outline two advantages for Accord of using job/customized production. This means you need to identify and explain two specific benefits that Accord gains from producing customized products rather than using mass production techniques.
Question 1 [b] [Explanation]
This question asks you to explain how Accord can differentiate its product, Enrich, from the products of its competitors. Differentiation involves creating a distinct identity for Enrich that sets it apart from similar products in the market.
Question 2 [Explained]
This question is divided into two parts. The first part asks for reasons why secondary market research may not be useful to Accord, a company likely dealing with niche markets or new products. The second part asks for an explanation of possible economies of scale that may apply to a large multinational company, ABC Ltd., but not to Accord.
Question 2 [a] [Explanation]
This question asks you to describe two reasons why secondary market research may not be useful to Accord.
Question 2 [b] [Explanation]
This question asks you to explain possible economies of scale that may apply to ABC Ltd. but not to Accord.
Question 3 [Explained]
This question is focused on the initial steps Aran and Kayla should take to start their business, Accord, and the methods of external finance they could use to increase production capacity.
Question 3 [a] [Explanation]
With reference to Accord, outline two possible steps for Aran and Kayla in starting the business.
Question 3 [b] [Explanation]
Other than a business angel, explain methods of external finance that Accord could use to increase production capacity.