ib business 2023 case study pdf

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These unit case study packs contain fictional case studies designed for practice and assessment on Paper 2 of the 2022 and 2016 International Baccalaureate Business Management exam, so be sure to choose the packs that are linked with the version of the syllabus you want.  New and updated packs will be released throughout 2022.  Every IB syllabus content standard is covered at least one time by a case study, and all purchased packs contain exam style questions and extensive suggested answers.  See the recommendations below!

Click below to download a sample case study on S ection  1.5 - Growth & Evolution (New syllabus, first exams 2024)

Click below to download a sample case study on S ection 4.4 - Market Research (New syllabus, first exams 2024)

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"This is a really great resource that has already saved me ton of time! It can be so hard to find case studies that only test students on what they know in the first unit, and these case studies are geared for each chapter of the I.B. Business Management course. I have paid a lot more for resources that were not half as useful as this pack was. I can't wait to use them for other units as well!"

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Case study: Paper 1 May 2023 - Skandvig Terra PLC (SVT)

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2. Complete preparation for Paper 1 and all topics revision

The e-course is organised in a way that offers resources that help students to prepare for May 2023 Paper 1 and to revise all topics linked to the case study. This year the e-course has two mock exams for even better exam preparation. The ibGenius through the online quizzes that cover both Paper 1 May 2023 - Skandvig Terra PLC (SVT) case study and all Units of the syllabus provides a valid track record of your student's progress .

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Business Management Paper 1 May 2023

Case Study: Skandvig Terra PLC (SVT)

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Choose Your Test

Sat / act prep online guides and tips, the best ib business and management notes and study guide for sl/hl.

International Baccalaureate (IB)

If you're in the IB Business and Management SL/HL class and want a little extra study help for your in-class test or the final IB exam, you've come to the right place. Here, I've gathered the best free online IB Business and Management notes into one convenient place for you .

This IB Business and Management study guide is organized according to the newly-revamped, official SL/HL syllabus .

2022 IB Exam Changes Due to COVID-19

Because of the ongoing COVID-19 (coronavirus) pandemic, the IB has decided to extend the adaptations which were put in place for 2021 to 2022. May 2022 IB assessments will have two routes, exam and non-exam, depending on which your school chooses. Stay up to date with the latest information on what this means for IB diplomas, course credit for IB classes, and more with our our IB COVID-19 FAQ article .

How to Use This IB Business and Management Study Guide

If you need help with one topic, use the ctrl + f function on your keyboard to search for that topic. For example, let's say you want to read about Marketing Planning. To find that information quickly, use ctrl + f to bring up the search function. Next, type "marketing planning" and it'll bring up all the materials that match that term.

If you are just looking for IB exam study resources, you can skip to the end of this article to the "Comprehensive Notes" section . There, you'll find resources that cover the IB Business and Management exam as a whole.

Use this IB Business and Management study guide during the school year to help you prep for in-class tests . If you're struggling to understand class lectures, make sure you're getting additional help so that you learn the material throughout the school year. Don't wait to cram it in until right before the final IB Business and Management exam!

The Best Study Practices for IB Business and Management

The absolute best way to study for IB Business and Management tests and cement what you've studied is to practice past paper questions as you learn new topics in the classroom . Writing about concepts you're studying helps solidify them in your memory.

Also, there's a chance that you'll see the ideas covered in old paper topics somewhere on the final IB exam! You can find past IB Business and Management SL/HL papers in our guide .

As mentioned above, if you're struggling with the material in class, don't wait to ask for help . The best way to ensure you do well on the IB test is to learn the material throughout the year. If you're struggling to understand class lectures, you should also be reading the corresponding chapter in a textbook or study guide.

Common Study Mistakes for IB Business and Management

If you're having trouble in your IB Business and Management SL or HL class, you will need to seek additional help fast so you don't fall behind. Master the material during the school year and you'll be guaranteed to rock your IB papers!

But that doesn't mean you don't need to study to do well. The two most common study mistakes are as follows:

• Ignoring the material you don't understand in the classroom: If you didn't understand it in the classroom, seek help elsewhere, such as by using this IB Business and Management study guide or hiring a tutor.
• Waiting to learn the material until a week or two before the papers: There is a lot of material to master for the IB Business and Management class. A week or two is not enough time to get down everything you'll need to know (that's why the course is taught over a couple of years!). Be sure to learn the material as you're supposed to learn it in class.

The Best IB Business Management Notes Online

Here, we give you a complete set of IB Business and Management notes for every topic. Note that the IB Business course was completely restructured in 2022. Not all the notes have been updated to fit the new format, so you may see slightly different unit names/numbers when you click on links. But, rest assured, all the links correspond to the subunit they're linked under.

Unit 1: Introduction to Business Management (20 Hours SL and HL)

1.1 What is a business?

1.2 Types of business entities

1.3 Business objectives

1.4 Stakeholders

1.5 Growth and evolution

1.6 Multinational companies (MNCs)

Unit 2: Human Resource Management (20 Hours SL, 35 hours for HL)

2.1 Introduction to human resource management

2.2 Organizational structure

2.3 Leadership and management

2.4 Motivation and demotivation

2.5 Organizational (corporate) culture (HL only)

2.6 Communication

2.7 Industrial/employee relations (HL only)

Unit 3: Finance and Accounts (30 Hours SL, 45 hours for HL)

3.1 Introduction to finance

3.2 Sources of finance

3.3 Costs and revenues

3.4 Final accounts

3.5 Profitability and liquidity ratio analysis

3.6 Debt/equity ratio analysis (HL only)

3.7 Cash flow

3.8. Investment appraisal

3.9 Budgets (HL only)

Unit 4: Marketing (30 Hours SL, 35 hours for HL)

4.1 Introduction to marketing

4.2 Marketing planning

4.3 Sales forecasting (HL only)

4.4 Market research

4.5 The seven Ps of the marketing mix

4.6 International marketing (HL only)

Unit 5: Operations Management (15 Hours SL, 45 hours for HL)

5.1 Introduction to operations management

5.2 Operations methods

5.3 Lean production and quality management (HL only)

5.4 Location

5.5 Break-even analysis

5.6 Production planning (HL only)

5.7 Crisis management and contingency planning (HL only)

5.8 Research and development (HL only)

5.9 Management information systems (HL only)

Comprehensive Notes for IB Business and Management

These final resources are more comprehensive and cover all main topics you'll need to know for the IB Business and Management exam.

• Janet Barrow's Guide to HL IB Business and Management : This 56-page guide provides tons of details on the exam format and content to know (based on the old course format).
• IB Notes by Ellie: This site offers useful notes for IB Business and Management along with other IB classes. Click through each unit to find information on the major course topics.

Bracken's IB Business : Here, you can get in-depth info on every IB Business Management unit (we included some of these web pages in our list above).

Power School Learning : Links to documents that cover each of the IB Business units and subunits.

• Quizlet : Use these free flashcards to study important IB Business and Management terms.

What's Next?

Want to learn more about IB Business and Management? Then check out our guide on where to find free and official IB Business and Management papers .

Learn more about the IB program with our comparison of IB vs AP , our guide to the IB Diploma curriculum , and our list of all the IB courses currently available . We've also got an extensive list of all IB Diploma Programme schools in the United States and information on which IB classes you can take online .

Thinking of taking other IB classes besides Business and Management? Look at our guides to see past papers for IB Biology , Economics , English , and Math .

Why not learn more about what return on assets (ROA) means ?

Thinking about applying to school as an HR major? Let us introduce you to the best schools for human resources degrees and teach you what you can do with them.

As an SAT/ACT tutor, Dora has guided many students to test prep success. She loves watching students succeed and is committed to helping you get there. Dora received a full-tuition merit based scholarship to University of Southern California. She graduated magna cum laude and scored in the 99th percentile on the ACT. She is also passionate about acting, writing, and photography.

Ask a Question Below

Have any questions about this article or other topics? Ask below and we'll reply!

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Updated 27 May 2024

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• M23 Paper 1
• Old course (N23)
• Paper 1 Pre-release case study

Skandvig Terra PLC - Paper 1 assessment (May 2023)

The Paper 1 examination for May 2023 (Skandvig Terra PLC) has been rescheduled for Friday 28th April 2023 (morning session for Exam zones B and C, and afternoon session for Exam zone A). For details of Exam zone, click the link here . If you are not sure which IB time zone your school is in, please check with your IB DP Coordinator.

The Paper 1 examination for November 2023 is scheduled for Monday 24th October 2023 (afternoon session). This is the final examination of the Paper 1 in its current format.

The main aims and overview of the Paper 1 assessment are as follows:

Promotes a holistic approach to IB Business Management

Assesses all 5 topics of the IB BM syllabus

Demands extensive analytical and critical thinking skills.

Table 1 - Overview of Paper 1

SL candidates answer only two questions from Section A, plus the compulsory question in Section B.

HL students answer two questions from Section A and the compulsory question in Section B. In Section C (an extended response/essay question), additional unseen data/information will be provided in the exam.

Note: Schools are responsible for providing the formulae sheet plus a clean copy of the pre-issued case study for students in the external exam. It is therefore useful to practice this by setting students a mock/trial exam for Paper 1.  

The Paper 1 pre-issued case study

Each exam session, the IB releases a pre-issued case study for the external examinations. This is made available on the PRC ( Programme Resources Centre ) - speak with your IB Coordinator if you are not sure how to access this resource.

For the May 2023 examination, the pre-issued case study (Skandvig Terra PLC) was made available on 2dn February. For the November 2023 examination, the pre-issued case study is available on the PRC in August.

The case study is based on a hypothetical organization, which covers all 5 units in the syllabus. It can act as a useful stimulus for students when revising for both Paper 1 and Paper 2. Note: students must not use this organization for their CUEGIS essay in Paper 2, Section C!

FAQ 1: So, what would happen if a student decided to write about the organization featured in Paper 1 for their CUEGIS essay in Section C of Paper 2?

The CUEGIS essay in Paper 2 must be based on a real-world organization. The organization featured in the Paper 1pre-issued case study is a fictitious business. Therefore, students will be penalized if they choose to use the business organization featured in Paper 1!

Paper 1 – Standard Level

Section A: answer 2 of 3 structured questions

10 marks per question; there are no AO3 questions in Section A

Additional unseen additional material in Section B

Section B: answer the compulsory structured question worth 20 marks

Total = 40 marks

Time = 1 hour 15 mins examination

FAQ 2: What happens if a student answers all three questions in Section A?

This is not a recommended strategy! As the proverb goes, “If you run after two hares, you will catch neither". Students need to be familiar with the rules for each exam paper.

However, in such a case, the examiner will mark all three answers and award the top two marks. However, there is an opportunity cost if answering all three questions in Section A because students are likely to run out of time for Section B of the exam.

Paper 1 – Higher Level

Time = 1 hour 15 mins examination (approx.)

Additional unseen material will be provided in the actual Paper 1 exam

Answer the compulsory question worth 20 marks

HL extension topics may be assessed

Total for HL Paper 1 = 60 marks

Total time for HL Paper 1 = 2 hour 15 mins

FAQ 3: How do the HL and SL Paper 1 examinations differ from each other?

Sections A and B are very similar for SL and HL, although the latter can include HL extension or HL only topics as mentioned in the Guide (page 54).

The main difference is Section C for HL only students, which is a single question worth 20 marks. This requires students to answer a business strategy question based on the pre-released material and the additional stimulus materials in Section B and Section C of the examination.

Paper 1 Quiz

So, how much do you know about the Paper 1 assessment?

Use any resource you have access to (such as the IB Business Management Guide) to answer the following questions:

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