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
100 Marks
Calculator NOT allowed
IB BUSINESS MANAGEMENT HL, Paper 2, May, 2011, TZ0, Solved Past Paper
Master the 2011 IB May for Paper 2 Business Management HL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
Strider Retail is a chain of shops that deals with the import and sale of electrical appliances, including plasma televisions. The sale of these televisions is influenced by seasonal factors, particularly during major sporting events. However, the cost of importing new models has decreased due to technological advancements, and this trend is expected to continue. The following data outlines Strider Retail's purchases and sales of plasma televisions over a six-month period from July 2010 to December 2010.
Opening stock of plasma televisions on 1 July 2010: 150 units at US $900 each.
Month (2010) | Stock purchased (units) | Stock sold (units) |
|---|---|---|
July | 120 | |
August | 100 @ US $900 | 90 |
September | 75 @ US $850 | 75 |
October | 60 @ US $825 | 40 |
November | 75 @ US $800 | 100 |
December | 100 @ US $800 | 120 |
Question 1 [a] [Explanation]
This question requires you to define specific business terms that are relevant to Strider Retail's operations.
Question 1 [a] [i] [Explanation]
The term secondary research refers to the process of gathering existing data from previously published sources. This method involves collecting information from the Internet, journals, industry magazines, and other accessible resources. Secondary research is often used to gain insights without the need for conducting new, primary research.
Question 1 [a] [ii] [Explanation]
The term just-in-time stock control refers to a strategy where a business orders goods only after receiving customer orders. This approach minimizes the amount of inventory held, thereby reducing storage costs and freeing up working capital.