IB Business SL: Internal Assessment (IA) Example [Should Amazon.com be worried of Lazada.com attempting to dominate the market share in South East Asia?]

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Do you need help with your Business SL IA/Internal Assessment? In this post I will show you my IA that I submitted to IB! You can use this to see what a Business SL IA looks like and I hope this will inspire you to create your best Business SL IA to submit to your […]

IB Business Management: Chapter 2.4 Motivation – Summary/Review/Study Guide

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    Why Motivate Employees? If managers can motivate employees, More likely that managers will achieve their goals Employees become more excited about working (ex: work harder) Intrinsic Motivation Motivators that come from the individual (from yourself) Intrinsic motivation occurs when someone gets satisfaction from an activity itself without treats or rewards from outside Employees […]

Advantages and Disadvantages of Methods of Productions (Job/Batch/Mass/Cellular) With Examples

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Type Example Advantage Disadvantage Job (customized) production Custom made medals that have different designs, names, colors, size, etc. ·         Clients get exactly what they ordered ·         Flexible ·         Motivate skilled workers ·         High mark-up ·         Expensive ·         Requires skilled workers ·         Labour intensive ·         Time consuming (consultations) ·         Has a chance of failure Batch production […]

IB Business Management: Production Methods SOLUTIONS/ANSWERS

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According to production methods, identify each of them followed by the example and distinguish the disadvantages and advantages. Type Example Advantage Disadvantage Job (customized) production Custom made medals that have different designs, names, colors, size, etc. ·         Clients get exactly what they ordered ·         Flexible ·         Motivate skilled workers ·         High mark-up ·         Expensive ·         […]

IB Business Chapter 5.1: Operations Management – Summary/Review/Study Guide

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Input-output model A diagram which represents how an operation works transforming raw materials which is the input and turning it into the output which is the finished product that could then be commercialized. “operations” Operations Operations refer the most important activities of an organization from what the business does and the processes of the business. […]

IB Business Management: Chapter 4 (Marketing) SOLUTIONS/ANSWERS

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Outline the key features of a marketing mix of a product that you have recently purchased. Product McDonald’s Food Price Price is quite expensive but still affordable (~Rp,50,000) Promotion Free glass for every purchase of a package of food. Place McDonald’s Shop, they also offer drive through and delivery service.   Why is ‘people’ one […]