IB Business Management SL 3.3.2 Revenue Questions
Practise 3.3.2 Revenue in IB Business Management SL by connecting concepts to case evidence and decisions.
- Syllabus
- First assessment 2024
- Course
- Business management SL
- Level
- SL
Exam points
- Apply total revenue and revenue streams using examples
- Revenue analysis considers price, sales volume, and different income sources
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IB Business Management SL 3.3.2 Revenue Questions question 1
[Maximum number: 2]
HSM Bakery Ltd. (HSM)
HSM Bakery Ltd. (HSM), a privately held company, produces baked goods (bread, cakes, and cookies), which are sold to shops.
In recent years, HSM has broadened its target market by producing a range of gluten-free cakes.
Using Figure 3 and Figure 4, comment on the change in HSM's sales revenue from 2023 to 2024.
Complete correct answer:
From 2023 to 2024:
- Bread sales revenue, or its percentage/proportion of HSM's sales revenue, has fallen.
- Cake sales revenue, or its percentage/proportion of HSM's sales revenue, has increased.
- Cookie sales revenue, or its percentage/proportion of HSM's sales revenue, has remained roughly the same.
Any two correct comments score full marks.
Marking guidance: Award 1 mark for each comment on a change in one of HSM's products, up to a maximum of 2 marks. Do not award comments that explain reasons for the change rather than commenting on the change. [2]
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