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.
01 Hours 15 Minutes
40 Marks
Calculator is allowed
IB BUSINESS MANAGEMENT SL, Paper 1, November, 2019, TZ0, Solved Past Paper
Master the 2019 IB November for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question focuses on the business strategy of Accord, particularly in the context of job/customized production and product differentiation. The aim is to understand the advantages of customized production and how Accord can differentiate its product, Enrich, from competitors.
Question 1 [a] [Explanation]
This part of the question asks you to outline two advantages for Accord of using job or customized production. Job production involves creating products tailored to individual customer specifications, which can be beneficial in various ways.
Question 1 [b] [Explanation]
This part of the question asks you to explain how Accord can differentiate its product, Enrich, from the products of its competitors. Differentiation involves making the product distinct and more attractive to a specific target market.
Question 2 [Explained]
This question explores the limitations of secondary market research for a specific company, Accord, and examines the economies of scale that may benefit a larger company, ABC, but not Accord. Secondary market research involves using data that has already been collected for other purposes, while economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation.
Question 2 [a] [Explanation]
This part of the question asks you to describe two reasons why secondary market research may not be useful to Accord.
Question 2 [b] [Explanation]
This part of the question asks you to explain possible economies of scale that may apply to ABC but not to Accord.
Question 3 [Explained]
This question is divided into two parts. The first part asks for an outline of two possible steps that Aran and Kayla could take to start their business, Accord. The second part requires an explanation of methods of external finance, other than a business angel, that Accord could use to increase its 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 (line 108), explain methods of external finance that Accord could use to increase production capacity (line 108).