ib business paper 1 case study 2023 pdf

Author: Paul Hoang

Comprehensive case study pack for May 2023 Paper 1 case study "Skandvig Terra PLC", including preparation activities, quizzes, and full mock exams with detailed mark schemes for SL and HL.

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Paper 1 Case Study Pack (May 2023)

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DP Business Management

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Updated 24 August 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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Every IB Business and Management Past Paper Available: FREE and Official

International Baccalaureate (IB)

If you want to do well on your IB exams (which you should since acing them will get you college credits!), you need to prepare as you would for any other standardized test: with practice tests .

But preparing for an IB exam doesn't simply mean reviewing your class notes. You should use IB Business Management past papers as practice tests so that you feel prepared for the length, format, and types of questions asked.

In this article, we'll provide you with links to IB Business Management past papers, free and official. Additionally, we'll give you advice on how to use them to ace the real IB Business Management test.

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. Currently they plan to return to their regular assessment process in the Spring of 2023.

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 .

New IB Business Management Course

The IB organization recently unveiled the new curriculum for Business Management that they will begin teaching in August 2022. The good news is, this new curriculum won’t affect students currently in the program who will take exams May 2022-Nov 2023.

For those of you out there who are planning to start taking the course in August for the 2022-2024 cycle, here’s a quick breakdown of what you need to know (you can also find the IB’s official update here ):

• The first assessment of the new curriculum will be May 2024 . Exams should remain roughly the same until then.
• The new curriculum will revolve around four major interdisciplinary concepts: creativity, change, ethics, and sustainability. These concepts will be used as frameworks for understanding the connections between each unit and the course as a whole.
• New features of the course include “inquiry statements” in each unit designed to develop students’ higher-order thinking skills and knowledge of current issues in the business world, as well as a “business management toolkit” full of analytical tools that can be used in several interdisciplinary contexts during their education and beyond. The topics covered, and the organization of the units will also be changing.  You can find the new Business Management SL full course and assessment brief , and the Business Management HL full brief . 
• Business Management exam papers are also being updated in 2024 to test the four new major concepts. The two big changes are the addition of a 3rd paper for HL students, and a different breakdown of time allowed for each paper. SL students will have an hour and 30 minutes for each of their two papers, and HL students will have an hour and 30 minutes for paper 1, an hour and 45 minutes for paper 2, and an hour and 15 minutes for the new paper 3. 
• Paper 1 will be an evaluation of an unseen case study. Previously students were given a case study to focus on for the exam. In 2024, students will get a pre-released statement that specifies the context and background of the case study they’ll be expected to evaluate, but not the case study itself. Instead, students will be expected to apply their research-based knowledge flexibly, like a professional would be expected to.
• Paper 2 will be an in-depth quantitative analysis and evaluation of unseen stimulus material. Again, in previous years this stimulus material was released ahead of time. For 2024, students will be asked to apply the business management theories and tools they’ve learned to any business context.
• The newly added Paper 3 will be about social enterprise. It will require that students “identify and describe a human need and the potential organizational challenges facing the social entrepreneur wanting to meet this need.” Then, students will need to recommend a course of action for the business being discussed.

If you’ll be taking your Business Management exam in 2024 or later, the links included below won’t exactly replicate what you’ll see on your assessment. However, they can help you practice writing about the concepts you’ve learned in the amount of time allowed on the test, and you’ll get valuable experience that can help you reduce your test anxiety before the big day! 

For those who are taking the exam in the next couple years, keep reading for the best past papers to practice with. 

Free IB Business and Management Past Papers Links

The IB has cracked down on illegally uploaded real past papers in the last few years, so many previous sources are no longer available.

Compounding this problem, the IB so far has not provided any free sample IB Business and Management exam papers on its website . We'll be sure to update this article as soon as they do with links, though!

While searching for "free IB Business and Management papers" online might still turn up some results, we do not recommend using them, as there's no guarantee those papers are real past IB papers . Instead, we suggest using the relatively inexpensive official paid IB past papers and mark schemes for further practice. This will give you the most accurate testing experience and score results.

Also be sure to check out the sample exam questions at the end of your course brief . Even though they don’t come with a mark scheme to allow you to review how you did, they’ll still give you a chance to study the concepts and practice writing in the time allowed. Plus, these are official! 

Paid IB Business Management Past Papers Links

To download safe and official IB Business Management SL/HL past papers and mark schemes, purchase them from the Follet IB store directly.

Currently, the store offers several sets of English-language IB Business Management SL and HL past papers from 2015 through 2021 . There are a small number of past IB Business and Management papers in French and Spanish available as well.

The IB sells each of their older papers and mark schemes individually. These individual papers or mark schemes cost either $3 or $3.99 (depending on how old they are). The most recent past papers are sold with included mark schemes for $7.99. Either way, this means that a full test with all papers and mark schemes costs anywhere from $12 to $16 before tax.

Buying everything on this site will be costly (not to mention it'll be in different languages!), so we recommend that you only buy the most recent (2020-2021 ) papers . These will be the most similar to your IB Business Management exam, and two exams should provide you with plenty of practice.

How to Use IB Business Management Practice Exams

An IB Business Management test will take you three hours for SL or four and a half hours for HL . If you're going to invest that much time, you'll need to be maximizing your learning from these tests.

To make sure you get the most out of each Business Management practice test, follow these three essential tips.

#1: Spread Out the Test Over Two Days

Typically, IB Business Management Paper 1 and Paper 2 are held on two separate days before and after a weekend. If possible, you should copy this schedule exactly so that your practice can be as realistic as possible. At the very least, make sure you' re taking the two papers on two different days .

Having to hold on to the information over multiple days (with a weekend in between!) makes it difficult to cram for the IB Business Management test. You'll need to have mastered the IB Business Management concepts and be able to write intelligently about them.

#2: Use Exact Timing

It's important that you time yourself so that you force yourself to practice your pacing . The time historically allowed per IB Business Management paper has been as follows:

• Paper 1: One hour 15 minutes
• Paper 2: One hour 45 minutes
• Paper 1: Two hours 15 minutes
• Paper 2: Two hours 15 minutes

However, when the new assessment begins in 2024 , the timing will be different (although the total time will still be the same):

• Paper 1: One hour 30 minutes
• Paper 2: One hour 30 minutes
• Paper 3: One hour 15 minutes (that’s right, there’s an added paper!)

Because the test structure is changing as well as the curriculum, be sure to double check with your teacher how the timing will work for the exam in 2023 . The new curriculum won’t be on that test, but there’s no word yet on whether or not they intend to go ahead and change the timing in 2023.  

That said, do not stray from this timing, not even by a minute. You need to get used to the actual exam timing. Also, you'll get an inflated practice exam score if you allow yourself extra time. Don't do it! Stick to the actual timing so that you have a realistic indicator of your IB score.

#3: Review, Review, Review!

And now we get to the most important tip: after completing your IB Business Management papers, review your exam using the mark scheme .

Why do you need to review? Reviewing helps you figure out what mistakes you're making and what information you don't know before you take the real exam. If you don't check your answers on your practice test(s), you'll make the same mistakes on the actual IB Business Management test.

Take some time (at minimum an hour per paper) to review your answers. Taking one IB Business Management practice test with in-depth review is far superior to taking eight tests without review!

What's Next?

Ready to learn more about IB Business Management and other similar topics? Check out our detailed Business Management study guide as well as our guide to what "return on assets" means .

Looking for past papers for other IB tests? We've got you covered with our full collections for IB English , Math , Physics , Chemistry , Geography , and Economics .

Want more information on the IB program? Learn how it works with our introductory guide and see a list of all the courses you can take in the IB Diploma Programme .

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

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Presentations for teaching the case study with resources and activities

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Analysis of the case study organized according to the IB units

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Class reports auto-generated to monitor your students' progress

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EXTRA BONUS ! Revision auto-marked quizzes for the whole syllabus (Question bank of 1200 questions)!

Why to choose the ibGenius interactive e-course for Paper 1 preparation?

1. Ready-made lessons and a variety of resources

The ibGenius Paper 1 e-course for May 2023 Skandvig Terra (SVT) case study is a well-planned and effective complete e-course that will prepare your students. The course includes online presentations, exam-style questions, auto-marked quizzes, TWO Mock exams, and a separate section with answers and mark schemes for teachers .

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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E-learning has become an integral part of our teaching. Students have more opportunities to work independently at their own pace and become better problem-solvers. The ibGenius Paper 1 e-course for May 2023 Skandvig Terra PLC (SVT) case study offers the opportunity for students to deepen their commitment to better exam preparation. ibGenius Paper 1 e-course offers everything teachers and students need for their exam preparation .

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Business Management Paper 1 May 2023

Case Study: Skandvig Terra PLC (SVT)

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