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, May, 2017, TZ0, Solved Past Paper
Master the 2017 IB May for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
In this question, we are asked to describe the importance of two external stakeholders in the context of Utopia, a business that operates in the service industry. Additionally, we need to explain the role of promotion for Utopia, focusing on how it can effectively reach its target market and maintain its brand image.
Question 1 [a] [Explanation]
This question asks you to identify two external stakeholders relevant to Utopia and describe their importance to the business. External stakeholders are individuals or groups outside the organization that have an interest in its operations and can affect or be affected by its activities.
Question 1 [b] [Explanation]
This question asks you to explain the role of promotion for Utopia. Promotion involves various activities aimed at informing, persuading, and reminding customers about the business and its offerings. Effective promotion is essential for reaching the target market and maintaining a strong brand image.
Question 2 [Explained]
This question involves understanding the concept of internal growth within a business context and the key functions of management. The questions are based on the case study of JAC, a relatively small enterprise owned by John Ariki, which is part of a larger entity called Utopia. The questions require you to describe the advantages of internal growth and explain the key functions of management with reference to John.
Question 2 [a] [Explanation]
This question asks you to describe two advantages of internal growth for JAC, as mentioned in line 52 of the case study.
Question 2 [b] [Explanation]
This question asks you to explain the key functions of management with reference to John, the owner of JAC.
Question 3 [Explained]
This question revolves around the financial and ethical considerations in the context of Utopia, a private limited company owned entirely by John. The first part asks for suitable sources of finance for purchasing 3D printers, while the second part delves into the role of ethics in John's businesses.
Question 3 [a] [Explanation]
With reference to Utopia, describe two suitable sources of finance for the 3D printers (line 60).
Question 3 [b] [Explanation]
Explain the role of ethics in John's businesses.