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Paper 1 + HL3 → Apr 29  ·  Paper 2 → Apr 30  ·  Results Jul 6

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Flashcards

Tap to reveal · Mark yourself honestly · First 12 free

Exam Practice

35 IB-style questions · Tagged by Paper · Model answers always shown

📄 Paper 1
📊 Paper 2
🌱 Paper 3 HL

Pre-seen case study. ~3 months before the exam, IB releases a short statement about a real business context. You research it. On exam day you receive the full case (~800–1200 words) unseen.

SL: 1h15 · 30 marks · 35% weight  |  HL: 2h15 · 50 marks · 25% weight

Questions test: Define [2], Explain [4], Analyse [6], Discuss/Evaluate [10]. Must apply answers to the case. Section C (HL only): 20-mark extended response using business tools.

Unseen quantitative focus. Short mini-cases provided in the exam. Section A focuses heavily on Unit 3 Finance — expect income statements, cash flow forecasts, ratios, break-even, NPV.

SL: 1h45 · 50 marks · 40% weight  |  HL: 2h15 · 80 marks · 40% weight

Section B: structured questions on Marketing, HR, Operations with mini-cases. Section C (both): essay on a business concept (Change, Ethics, Globalisation, Innovation, Culture, Strategy) applied to a real org you know.

HL only · Social Enterprise focus. Stimulus = short intro + visual + 5–6 excerpts (emails, tweets, articles) about a fictitious social enterprise.

Time: 1h15 · 25 marks · 25% weight (HL only)

Q1 [4 marks]: Define/describe. Q2 [4 marks]: Explain. Q3 [17 marks]: Recommend a strategic plan of action using business tools (Ansoff, BCG, Force Field, Decision Tree). Must link to SDGs and ethics. Uses change-agent mindset.

All
P1 Case
P2 Quant
P3 Social
U1
U2
U3 ★
U4
U5

Calculators

Step-by-step workings always shown — exactly how the examiner expects it

Break-Even
Margins
Liquidity
Payback / ARR
NPV

Break-Even Analysis

BEP = Fixed Costs ÷ (SP − VC)  ·  Contribution = SP − VC  ·  Margin of Safety = Output − BEP

Profit Margins + ROCE

GPM = (GP ÷ Revenue) × 100  ·  NPM = (NP ÷ Revenue) × 100  ·  ROCE = (NP ÷ Capital Employed) × 100

Liquidity Ratios

Current Ratio = CA ÷ CL (ideal 1.5–2:1)  ·  Acid Test = (CA − Inventory) ÷ CL (ideal ≥ 1.0)

Payback Period + ARR

Payback = Investment ÷ Annual CF  ·  ARR = (Avg Annual Profit ÷ Investment) × 100  ·  Avg Annual Profit = (Total Returns − Investment) ÷ Life

Net Present Value (NPV)

NPV = Σ [CF ÷ (1+r)ⁿ] − Initial Investment  ·  Positive NPV → Accept  ·  Negative NPV → Reject

Business Diagrams

Key IB frameworks — learn the shape, understand the logic

Ansoff
BCG
Maslow
PLC
Break-Even
Herzberg

Ansoff Matrix

Growth strategy tool. Risk increases diagonally: Penetration (lowest) → Diversification (highest). Always link chosen strategy to available resources and risk tolerance.

PRODUCTS Existing New MARKETS Existing New Market Penetration Lowest risk ✓ Product Development Medium-high risk Market Development Medium-high risk Diversification Highest risk ⚠

BCG Matrix

Portfolio management tool. Stars become Cash Cows as market growth slows. Cash Cow revenue funds Stars and Question Marks. Dogs should be divested unless they serve a strategic purpose.

RELATIVE MARKET SHARE High Low MARKET GROWTH High Low Star Invest heavily → Question Mark Invest or divest 🐄 Cash Cow Milk profits 🐕 Dog Divest or harvest

Maslow's Hierarchy of Needs

Lower needs must be met before higher ones motivate. Key exam limitation: assumes universal linear progression — not true across all cultures. Hard to measure which level employees are at.

Self-actualisation Esteem Needs Love & Belonging Safety Needs Physiological Needs BASIC GROWTH

Product Life Cycle (PLC)

Four stages: Introduction → Growth → Maturity → Decline. Extension strategies delay decline: new packaging, new market, new use. Link to marketing mix changes at each stage.

Sales ($) Introduction Growth Maturity Decline

Break-Even Chart

BEP = where TR = TC. Area left = loss, right = profit. Margin of Safety = Actual Output − BEP. A wider margin of safety = lower risk.

Cost / Revenue ($) Output FC TC TR BEP Break-Even Point ▲ PROFIT ▼ LOSS

Herzberg's Two-Factor Theory

Critical exam point: Salary is a HYGIENE factor — its absence causes dissatisfaction but its presence does NOT motivate. Only motivators create true job satisfaction and drive performance.

HYGIENE FACTORS (prevent dissatisfaction) • Salary & pay • Job security • Working conditions • Company policies • Quality of supervision • Interpersonal relations MOTIVATORS (create satisfaction) • Achievement • Recognition • The work itself • Responsibility • Advancement • Personal growth ← Neutral point →

12-Week Study Plan

From foundations to exam-day readiness · Paper 1 Apr 29 · Paper 2 Apr 30

🤖 Paper 1 Question Generator

Paste your pre-seen case study excerpt → Claude generates real IB-style Paper 1 questions tailored to YOUR specific business context.

⚡ Powered by Claude AI · Anthropic
How to use: Paste any portion of your pre-seen case study (a few paragraphs is enough). Select your level and section. Claude will generate questions that reference the actual business, just like the real exam.

Your Case Study Excerpt