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IB Business & Management

IB Business & Management. IB1. Learning Objectives. To know how the course is assessed To be able to list 2 – 3 business key terms. Internal Assessment . Internal assessment for HL students is a research project and for SL students a written commentary

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IB Business & Management

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  1. IB Business & Management IB1

  2. Learning Objectives • To know how the course is assessed • To be able to list 2 – 3 business key terms

  3. Internal Assessment • Internal assessment for HL students is a research project and for SL students a written commentary • These are internally marked by me and then externally moderated by IB examiners HL SL

  4. External Assessment • External assessment for HL and SL students consists of two written examination papers • Paper one is based on a pre-seen case study issued in advance • Paper two consists of structured questions based on stimulus material

  5. HL External Assessment

  6. SL External Assessment

  7. Typical exam questions HL • Explain how the levels of profit and cash flow on the free standing solar panels are likely to change through the different stages of the product life cycle • Identify two appropriate sources of finance for the new production plant • Examine whether SunGen Ltd should implement a Total Quality Management approach as proposed by Catherine

  8. Typical exam questions SL • Identify four reasons why people may prefer to buy from large supermarkets • Describe one advantage and one disadvantage of a private limited company • Evaluate the decision to accept the takeover of The Body Shop by L’Oreal

  9. Business & Management Task • Choose your favourite piece of clothing • Explain to the person next to you why it is your favourite piece of clothing • Write down the best mobile phone provider • Why do you think it is the best mobile phone provider?

  10. Enterprise • The willingness of an individual or organisation to • Take risks • Show initiative • Undertake new ventures • Entrepreneur • Someone who takes the financial risk of starting and managing a new venture Key terms

  11. Explain why you think these people are as successful as they are?

  12. Homework • Complete the question… • Does money really make the world go round?

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