Could not load assets. Please refresh the page.

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

 

Calculator NOT allowed

IB BUSINESS MANAGEMENT HL, Paper 1, May, 2008, TZ0, Solved Past Paper

Master the 2008 IB May for Paper 1 Business Management HL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

This question involves understanding the concept of a partnership agreement and analyzing the reasons and disadvantages associated with formalizing a business partnership. It is essential to comprehend the legal and operational aspects of partnerships to answer these questions effectively.

Question 1 [a] [Explanation]

This part of the question asks you to define the term 'partnership agreement' and explain why Max and Terry decided to formalize their partnership with a Deed of Partnership.

Question 1 [a] [i] [Explanation]

Define the term 'partnership agreement'.

Question 1 [a] [ii] [Explanation]

Explain two possible reasons why Max and Terry formalized their agreement with a Deed of Partnership.

Question 1 [b] [Explanation]

Explain two disadvantages of operating Organix as a partnership.

Question 2 [Explained]

This question involves evaluating John's perspective on the necessity of further market research before expanding farm shops, defining the term 'branding,' and discussing the advantages and disadvantages of adopting a single brand for all areas of Organix's business.

Question 2 [a] [Explanation]

This part of the question asks you to evaluate John's view that further market research is not required before proceeding with the opening of additional farm shops.

Question 2 [b] [Explanation]

This part of the question involves defining the term 'branding' and discussing the advantages and disadvantages of adopting a single brand for all areas of Organix's business.

Question 2 [b] [i] [Explanation]

This subpart asks you to define the term 'branding.'

Question 2 [b] [ii] [Explanation]

This subpart asks you to discuss the advantages and disadvantages of adopting a single brand for all the different areas of Organix's business.