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IB Business Management HL 5.6.3 Stock control charts Question Bank

Practise IB Business Management HL 5.6.3 by applying stock control charts concepts to exam-style questions.

Syllabus
First assessment 2024
Course
Business management HL
Level
HL

Exam points

  • identify the relevant model, concept or evidence
  • apply the correct subject framework to the question
  • evaluate the result using clear evidence and subject terminology

5.6.3 (HL)—Stock control charts question 1

[Maximum number: 8]

Fair Coffee (FC)
David is about to open a small coffee shop, Fair Coffee (FC), at a central city location. On opening day FC will have a stock level of 500 kg of coffee beans. David estimates that the coffee beans will be used at a constant rate for the first six months of operation.
David's planned stock management figures for the coffee beans are shown below:

Table for Question 5.6.3 (HL)—Stock control charts question 1 — IB Business Management HL

Lead time for delivery of the coffee beans: 1 month.

Question (a)

(a)

Using the information in the table, construct a fully labelled stock control chart for FC, for the first six months of operation.

[ 4 ]

Question (b)

(b)

A delivery of coffee beans was 1 month late, arriving on the last day of the seventh month rather than the last day of the sixth month. Using figures from the chart you constructed in part (b), explain the effects of:

[ 4 ]

Question (i)

(i)

the late delivery on FC's stock level and;

[ 2 ]

Question (ii)

(ii)

the late arrival delivering only 75 kg of coffee.

[ 2 ]
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