Ib business and management hl notes
These notes have specially been curated by expert teachers to simplify and enlighten concepts given in IB Business Management HL. The notes are comprehensive in nature and are sufficient to study the chapter in depth, One need not look for other resources beyond the notes provided on our website which can be accessed for free. Students often face a challenge understanding concepts, especially the ones that are new and tricky, These IB Business Management Notes will help the student cover the chapter Introduction to Business Management entirely while explaining every concept in a detailed and easy way. The chapter on Introduction to Business Management helps understand that a business is a decision-making body that uses inputs to produce outputs that satisfy the consumers.
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5 Vital Tips To Remember For The IB Business Paper 1 Exam
This post is all about the IB Business Paper 1 exam. This is the paper that has a separate case study. I highly advise studying that case study very carefully. While I did SL myself, these tips should ideally be of use to both HL and SL students since they refer more to the methods and mindset of the exam itself.
Typically, there are different sections in the IB Business Paper 1 exam. This is 2 mandatory sections for SL and 3 mandatory sections for HL students. These are usually supposed to be quick to answer. This is very important to nab those easy 2 marks. These questions usually require you to provide advantages and disadvantages. These are the types of questions that need full, balanced analyses of certain parts of the Case Study business.
These questions are the motherload. The ones that will eat up most of your time in the exam. Higher weighted questions may show up more often in HL papers but the process to answering them is the same. The process to answering these types of questions will be explained later on in this post.
What you need to remember when aiming for maximizing your mark potential is that you need to add your conclusion or evaluation. This just happens to be the trend up until the IB exams that I took back when I was a student. To get full marks, you need to constantly be referring back and citing your Case Study information. Sorry not sorry. This time however, I want you to refer to the screenshot I took below. Pray for me folks.
By now you must have noticed the crazy 12 marker there. Also notice the 9 marker. Key word there. You need to tick as many check boxes as you can for an examiner and it never hurts to define what you know. You get marked on relating back to the business in the text.
So you would say something like this:. In the case of Lady A, the product life cycle is quite short which would mean that the business is likely to….. See what I mean? Remember the key elements. Definitions, Explanations of theories and concepts, and then references to Case Study itself. Ask yourself these questions:. Instead try to describe how uniquely important each one of these aspects is to Lady A and the effects they have on each other as well as Lady A.
Are they co-dependent or independent of each other? So definitions, explanations to theory, concepts, and other course material content as well as explicit references to the Case Study itself.
This is integral to maximizing your marks. The most important thing to do is refer back to the information given to you. You can also refer to additional information you get on your paper. Next part. Alright this is another thing to remember. Time management is key to everything when it comes to exams in general. I only mention it multiple times because IB has a way of asking you questions in exams that will shave off tens of minutes off your time. This is no less true for the IB Business Paper 1 and 2 exams.
You need to be very well aware of how much time you spend on each of the questions you do. Just remember to prioritize. Spend the majority of your time on questions that weight more heavily on your grade rather than small time markers. What would you rather do? Spend 30 minutes on a 2 mark question or a 10 mark question? Clearly there needs to be an obvious distinction. You can divide that into three sets of 45 minutes to spend on each section in your Paper 1 exam. Make sure you allocate at least 25 to 30 minutes just for the heavier weighted questions.
Bring in a stopwatch, hourglass, or keep an eye on the clock in your exam hall for reference. It will come to you later or in the very least, if you have spare time, you can go back to those questions. This is going to be a constant theme in my posts from now on so make sure you actually commit to it. The case study is your savior for the Paper 1 exam.
You want to make as many notes and familiarize yourself with it as much as possible. At least read the case study once a day. Discuss with your teacher if you like. Anything you do regarding getting to grips with the case study paper will help on exam day.
So hopefully you ladies and gents in your second IB year doing Business have already been hard at work revising the case study. I feel like this is quite an important aspect to highlight because you need to make sure you understand the differences so that, for some unforeseen reason, an SL student walks into an exam with the mindset of a HL student and vice versa.
There are also huge time differences in the exam too. Your time management must factor in these shorter time periods. Also, know your syllabus. You need to know what parts of the syllabus are ones required for you. One thing that definitely is the same for both levels is the techniques you use to approach your writing in the Paper 1 and 2 exams. The structural aspect outlined above can be used for both SL and HL papers. Again, SL this is a special piece of advice for all of you.
Getting high marks in Business is generally quite difficult. In this regard, HL and SL are about in the same boat. Wait a second Already one of us?
Login here. The simplicity and ease of understanding that the chalkboard in the background provided me with, it was always easy to track back to the start of the mathematical thread with it. Already Registered? This post about the IB Business Paper 1 exam is quite lengthy. This section will breakdown what you could see and how to approach answering them: Markers These are usually supposed to be quick to answer. For 12 Marks Now.
It would be good practice this in your 7, 8, or 9 markers too. You only need to write a phrase or short sentence when you refer back. I only mention it multiple times because IB has a way of asking you questions in exams that will shave off tens of minutes off your time This is no less true for the IB Business Paper 1 and 2 exams. Panicked yet? HL vs. SL I feel like this is quite an important aspect to highlight because you need to make sure you understand the differences so that, for some unforeseen reason, an SL student walks into an exam with the mindset of a HL student and vice versa.
HL has far more sections to cover while SL students, not so much. Share on Facebook? Cancel Comment Wait a second English Theory of Knowledge Economics Business. What people say about us The simplicity and ease of understanding that the chalkboard in the background provided me with, it was always easy to track back to the start of the mathematical thread with it. We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
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AO2 You need to be able to: Demonstrate application and analysis of knowledge and understanding Command Terms: These terms require students to use their knowledge and skills to break down ideas into simpler parts and to see how the parts relate: Analyse, Apply, Comment, Demonstrate, Distinguish, Explain, Interpret, Suggest. AO3 You need to be able to: Demonstrate synthesis and evaluation. Command terms these terms require you to rearrange component ideas into a new whole and make judgments based on evidence or a set of criteria. One of the main aims of a firm is to grow. In this section we move on to look at the impact of this growth and ways in which it can be achieved. We also consider the driving and restraining forces for growth and evolution of different businesses. Table of Contents Topic pack - introduction 1.
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Summary IB Business management HL Revision notes. Chapter 3: Sources of finance
Powerpoint Presentations are designed to achieve good understanding of the students as well as help students to get their desire score in the IBDP Business Management examination. Powerpoint Presentations are designed to achieve good understanding of the students as well as help students to get their desire score in the IGCSE Business Studies examination. Worksheets are designed to achieve good understanding of the students as well as help students to get their desire score in the IBDP Biology examination. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Excepteur sint occaecat.
IB Business Management HL
This post is all about the IB Business Paper 1 exam. This is the paper that has a separate case study. I highly advise studying that case study very carefully. While I did SL myself, these tips should ideally be of use to both HL and SL students since they refer more to the methods and mindset of the exam itself. Typically, there are different sections in the IB Business Paper 1 exam.
The case study is about pages long and will be based on a fictional business. I hope this article will help you get an idea about how you can fully utilize all the time given to you to prepare! This sounds simple enough, but you do need to know this case study inside and out.
International Baccalaureate IB. Here, I've gathered the best free online IB Business and Management notes into one convenient place for you. Because of the ongoing COVID coronavirus pandemic, the IB has decided to extend the adaptations which were put in place for to May IB assessments will have two routes, exam and non-exam, depending on which your school chooses.
Students learn to analyse, discuss and evaluate business activities at local, national and international levels. The course covers a range of organizations from all sectors, as well as the socio-cultural and economic contexts in which those organizations operate. The course covers the key characteristics of business organization and environment and the business functions of human resource management, finance and accounts, marketing and operations management. Links between the topics are central to the course. The conceptual learning is firmly anchored in business management theories, tools and techniques and placed in the context of real world examples and case studies. The course encourages the appreciation of ethical concerns at both a local and global level.
IB Academy Business Management Study Guide The role of business is to combine human, physical and financial resources to create goods and services. IB Business Notes Content 1 0 Business organization and environment 1 1 Introduction to business and management 1 2 Types of businesses organizations. The International Baccalaureate Organization known as the IB offers four high-quality Approaches to teaching and learning business management.
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