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
100 Marks
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IB BUSINESS MANAGEMENT HL, Paper 1, May, 2004, TZ0, Solved Past Paper
Master the 2004 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question focuses on the concept of outsourcing production within the context of Riveau Yachts, a company mentioned in the case study. It explores the definition of outsourcing and examines the advantages and disadvantages of this strategy for the company.
Question 1 [a] [Explanation]
This part of the question asks you to define what is meant by outsourcing production, specifically in the context of Riveau Yachts as mentioned in the case study.
Question 1 [b] [Explanation]
This part of the question asks you to discuss the advantages and disadvantages of Riveau Yachts expanding through outsourcing production rather than manufacturing all the yachts themselves.
Question 2 [Explained]
This question involves understanding the concepts of fixed and variable costs and evaluating different costing methods to help Riveau Yachts introduce cost control. Fixed costs are those that do not change with the level of output, while variable costs fluctuate with production levels. The evaluation of costing methods will focus on how they can aid in achieving tighter cost control for the company.
Question 2 [a] [Explanation]
This question asks you to explain the difference between fixed and variable costs using examples from the case study of Riveau Yachts.
Question 2 [b] [Explanation]
This question asks you to evaluate three different methods of costing that would help Riveau Yachts introduce cost control.
Question 3 [Explained]
This question involves analyzing the product portfolio of Riveau Yachts using an appropriate tool such as the Boston Consulting Group (BCG) Matrix. The BCG Matrix is a strategic tool used to categorize a company's products based on their market growth rate and market share. It helps in identifying which products are Stars, Cash Cows, Question Marks (Problem Children), and Dogs. This categorization aids in making strategic decisions about product development, marketing, and resource allocation.
Question 3 [a] [Explanation]
Using an appropriate tool (such as the Boston Consulting Group Matrix) represent the product portfolio of Riveau Yachts as outlined in Appendix 1.
Question 3 [b] [Explanation]
Make recommendations to the company as to how they could develop the D950 model.