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, May, 2017, TZ0, Solved Past Paper
Master the 2017 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question involves understanding the role and importance of external stakeholders in a business context, specifically referencing a business named Utopia. Additionally, it explores the role of promotion in Utopia's business strategy. The question is divided into two parts: (a) describing the importance of two external stakeholders, and (b) explaining the role of promotion.
Question 1 [a] [Explanation]
This part of the question asks you to describe the importance of two external stakeholders in relation to Utopia. External stakeholders are individuals or groups outside the organization that have an interest in the business's activities and outcomes.
Question 1 [b] [Explanation]
This part of the question asks you to explain the role of promotion in relation to Utopia. Promotion involves various activities aimed at informing, persuading, and reminding potential customers about the business's products or services.
Question 2 [Explained]
This question focuses on understanding the advantages of internal growth for a business and the key functions of management, with specific reference to JAC and John, respectively.
Question 2 [a] [Explanation]
With reference to JAC, describe two advantages of internal growth (line 52).
Question 2 [b] [Explanation]
With reference to John, explain the key functions of management.
Question 3 [Explained]
This question involves understanding the financial strategies and ethical considerations in the context of a business named Utopia. Specifically, it asks about suitable sources of finance for acquiring 3D printers and the role of ethics in the business operations led by John.
Question 3 [a] [Explanation]
This part of the question asks you to describe two suitable sources of finance that Utopia could use to purchase 3D printers. The context provided indicates that the cost of the printers is not substantial relative to the size of Utopia, but various factors such as past financial problems and John's reluctance to lose control over the company must be considered.
Question 3 [b] [Explanation]
This part of the question asks you to explain the role of ethics in John's businesses. Ethical objectives can vary widely and are often influenced by cultural factors. The question requires you to consider how ethical practices are implemented in Utopia and their importance to the business.