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, November, 2006, TZ0, Solved Past Paper
Master the 2006 IB November for Paper 1 Business Management SL with examiner tailored solutions and comments for TZ0
Question 1 [Explained]
This question involves identifying external sources of finance for a company and analyzing financial performance using profitability, liquidity, and efficiency ratios. The analysis will compare the financial performance of Electrical Solutions plc between the years 2003 and 2005.
Question 1 [a] [Explanation]
This part of the question asks you to identify two external sources of finance for SunGen Ltd. External sources of finance are funds that come from outside the business, as opposed to internal sources like retained earnings.
Question 1 [b] [Explanation]
This part of the question asks you to discuss the changes in the financial performance of Electrical Solutions plc between 2003 and 2005 using the profitability, liquidity, and efficiency ratios provided in Appendix 3. You need to analyze how these ratios have changed over the two years and what these changes indicate about the company's financial health.
Question 2 [Explained]
This question focuses on understanding the concept of a niche market and developing a marketing mix for a company that aims to be seen as environmentally and socially responsible. The context provided is the market for solar power equipment, specifically free-standing solar panels.
Question 2 [a] [Explanation]
This part of the question asks you to define the term niche market. Understanding this term is crucial for businesses that aim to target specific groups of customers whose needs are not being met by mainstream providers.
Question 2 [b] [Explanation]
This part of the question requires you to produce a suitable marketing mix for free-standing solar panels and discuss how each element can support SunGen Ltd's objective to be seen as environmentally and socially responsible. The marketing mix typically includes the four Ps: Product, Price, Promotion, and Place. Additional Ps such as People, Process, and Packaging may also be considered.
Question 3 [Explained]
In this question, we are exploring two main aspects of human resource management: methods of recruitment and the impact of organizational changes on workforce motivation. The first part of the question asks about different recruitment methods available to a company, while the second part delves into evaluating the effects of proposed organizational changes using motivational theories.
Question 3 [a] [Explanation]
This question asks you to identify two methods of recruitment that SunGen Ltd. can use. Recruitment methods are strategies or processes that organizations use to attract and hire new employees. These methods can be internal or external, and each has its own advantages and disadvantages.
Question 3 [b] [Explanation]
This question asks you to evaluate how Greg and Catherine's suggestions for a flatter organizational structure could affect the workforce, using appropriate motivational theories. A flatter structure typically involves fewer levels of hierarchy, which can impact employee motivation in various ways. You need to consider both positive and negative effects and apply motivational theories to support your evaluation.