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IB Business Management HL 6.1.5 Business Plan Questions

Practise 6.1.5 Business plan in IB Business Management HL by connecting concepts to case evidence and decisions.

Syllabus
First assessment 2024
Course
Business management HL
Level
HL

Exam points

  • Tool for planning business aims, operations, marketing, finance, and strategy
  • Suggested integration: Units 1, 2, 3, 4, and 5

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Study 6.1.5—Business plan conceptsOpen the corresponding Concept lesson for explanations, examples and exam connections.

IB Business Management HL 6.1.5 Business Plan Questions question 1

[Maximum number: 2]

Las Migas
Carolina plans to set up a bakery, Las Migas, in a small town. Competition from established bakeries is strong. Carolina has asked for a bank loan because her personal savings are insufficient. The bank manager requested the following information:
- a business plan
- a cash flow forecast for the first four months of operations.
Carolina has no experience with financial forecasts but she estimated the figures for Las Migas for the first four months of operations. These figures are shown in Table 1.

Table 1: Estimated figures for Las Migas for the first four months of operations

Table 1: Estimated figures for Las Migas for the first four months of operations

State two elements, other than a cash flow forecast, of a business plan.

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