I B 1

IB BUSINESS & MANAGEMENT

To know how the course is assessed

To be able to list 2 – 3 business key terms

LEARNING OBJECTIVES

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

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

HLExternal

Assessment

SLExternal

Assessment

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

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

Business & Management

Task1. Choose your favourite piece of clothing2. Explain to the person next to you why

it is your favourite piece of clothing3. Write down the best mobile phone

provider4. Why do you think it is the best mobile

phone provider?

*Key terms

*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

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

Homework• Complete the question…

• Does money really make the world go round?