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.

 

01 Hours 30 Minutes

 

100 Marks

 

Calculator NOT allowed

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

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

Question 1 [Explained]

This question involves analyzing the advantages and disadvantages of converting a business structure from a partnership to a limited company. Additionally, it requires evaluating potential sources of finance for both long-term and short-term needs.

Question 1 [a] [Explanation]

This part of the question asks you to describe two advantages and two disadvantages that Organix might experience if they decide to convert from a partnership to a limited company.

Question 1 [b] [Explanation]

This part of the question requires evaluating one possible source of finance for Organix to fund the construction of holiday cottages and one source of finance for their day-to-day operations.

Question 2 [Explained]

This question focuses on understanding the concept of high staff turnover, its consequences for an organization like Organix, and the potential non-monetary strategies that can be employed to mitigate it. High staff turnover is a critical issue in human resource management, affecting both operational efficiency and organizational culture.

Question 2 [a] [Explanation]

This part of the question requires you to define the term high staff turnover.

Question 2 [b] [Explanation]

This part of the question asks you to explain two consequences of high staff turnover at Organix.

Question 2 [c] [Explanation]

This part of the question requires you to analyze possible non-monetary approaches available to Alison Moldano, Human Resource Manager, to reduce the high staff turnover in the restaurant.

Question 3 [Explained]

This question focuses on the concept of branding and market research, particularly in the context of a company named Organix. It explores the definition of branding, the advantages and disadvantages of marketing products under a single brand, and the different sources of market research that can be used to gather information on people's attitudes toward organic produce.

Question 3 [a] [Explanation]

This part of the question is divided into two subparts. The first subpart asks for a definition of the term 'branding,' while the second subpart requires an explanation of one advantage and one disadvantage for Organix of marketing all its products under a single brand.

Question 3 [a] [i] [Explanation]

This subpart asks for a definition of the term 'branding.'