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Sunday, February 21, 2021

IB Diploma Extended Essay RPPF- Check List

 

IB Diploma Extended Essay RPPF

(Reflections on Planning and Progress Form)

IB Diploma Extended Essay RPPF

The RPPF (Reflections on Planning and Progress Form) is where EE students write their three reflections: First, Interim and Final (after the viva voce). The maximum word count for all three reflections combined is 500 words and should be recorded on the RPPF Form given by the IBO.

The RPPF is a chance for EE students to show one or more of the following:

*     Intellectual, creative, personal, and/or developmental growth,

*     How actively engaged they are in the learning process,

*     What they have learned about how to learn and research and/or how they have grown as a learner,

*     The skills that they have learned, including:

·       critical thinking,

·       decision-making,

·       general research,

·       planning,

·       referencing and citations,

·       specific research methodology, and

·       time management.

First Reflection

Possible topics to discuss in this section of the RPPF include (but are not limited to) your thoughts on:

·       Your initial topic exploration,

·       The topic you have chosen and why,

·       Possible sources and methods,

·       What you might hope to learn or achieve from studying this topic,

·       Possible ideas of how you might answer your question and/or research the answer,

·       Questions or challenges faced so far,

·       Anything else you feel could show your engagement, learning, growth or initiative.

 

·         Interim Reflection

Possible topics to discuss in this section of the RPPF include (but are not limited to) your thoughts on:

·       The research so far, including reactions to specific things you’ve learned or discovered,

·       How your research (including your research question) changed or developed,

·       Things you’ve learned about the topic and/or research process,

·       Progress in the timeline for completing the essay,

·       Possible outlines of arguments being made in response to your RQ,

·       Challenges encountered and strategies used to overcome them,

·       Anything else you feel could show your engagement, learning, growth or initiative.

Final Reflection

Possible topics to discuss in this section of the RPPF include (but are not limited to) your thoughts on:

·       The personal significance of the work to you as a student,

·       What you have learned about the topic,

·   What you have learned about learning and/or how you have “grown” as a learner,

·       New questions you have about your topic,

·   Anything else you feel could show your engagement, learning, growth or initiative.

The Reflections on planning and progress form (RPPF) enables examiners to gain an insight into students’ thinking processes while researching and writing the EE. The examiners are looking to see how students’ thinking and skills have developed during this time. Completion of the RPPF is a mandatory requirement of the EE. RPPF carries 6 marks.

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Source: IB Diploma Extended Essay Guide. Published by the IBO.

Friday, February 19, 2021

Zeever Smart Watches- Calculation of gross profit and net profit

 

Zeever Smart Watches( ZSW)

Topic/s covered:  Income Statement

·       Cost of goods sold

·       Calculation of gross profit

·        Calculation of net profit

Calculation of gross profit and net profit

 

Zeever Smart Watches( ZSW), owned by  Mr Zeever sells smart watches. ZSW is famous for  its customer service and  quality assurance. Apart from  the physical shop, ZSW also accepts orders online. The following  financial information is  taken from the  books of ZSW for the year ended 31 March 2020.

Sales revenue

$ 12,000

Opening stock

$ 2,500

Closing stock

$ 3,200

Purchases

$6,000

Expenses

$ 1,200

 

Questions:

a)      Define the term ‘cost of goods sold’

 [2 marks]

b)      Using the above financial information, calculate gross profit, and net profit.

[4 marks]

Tuesday, February 9, 2021

Mountain Bikes (MB) - Break even Graph Worksheet

 Mountain Bikes (MB)

Break even graph worksheet


Topic/s covered: Break-even analysis

·       Meaning of margin of safety

·       Break-even quantity.

·       Target profit

·      Break-even graph

Suman, a well-known cyclist, had won many national and international medals in the cycling race.  When he retired from professional competitions, he started assembling mountain bikes and used to sell online. He concentrated on the very small but specialized niche segment.  He had sourced spare parts from different manufacturers. The following cost and revenue details are available from his records:

·      Monthly fixed cost $ 5,600.

·      Variable cost per bike $ 180

·      Selling price per bike $ 250

·      Monthly sales   110 bikes.

 

Questions:

a)     Explain what is meant by the term ‘margin of safety’.

[2 marks]

b)    Calculate the number of bikes to be sold to break even.

[2 marks]

c)      Calculate profit at the current sales level

[2 marks]

d)    If Suman wants to make a monthly profit of $ 5,000, calculate the number of bikes to be sold to achieve this.

 

[2 marks]

e)     Construct a break-even graph using your answers to the questions (b) and (C)

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IB Business Management videos


[ 5 marks]

Wednesday, February 3, 2021

Multi Marketing Case Study for IB Business Management May 2021

 Multi Marketing Case Study for IB Business Management May 2021

Multi Marketing Case Study for IB Business Management May 2021

Business Management Case Study

Multi Marketing (MM) May 2021

Summary

 In 2010, Rachel Goldstein, Javed Khan, and Aarvan Anand met at university in London. Each of them had different skills and expertise. Rachel studied graphic design, Javed studied business, and Aarvan studied media & journalism.

 During their studies, they worked together on the university’s student magazine. Javed managed advertisements, finding new advertisers, etc., tasks, Rachel used her graphic design skills, and Aarvan used his talent for journalism to find stories & produce news content.

 In the year 2013, they set up Multi Marketing (MM) as a partnership. Their company was involved in helping businesses reach customers through branding and marketing strategies. In the initial stage of MM, the company advised customers on all issues related to marketing and also helped its customers with marketing strategies. Initially, the customers were businesses located near the university, but later, it had customers throughout the United Kingdom.

 Over time, the company has seen incredible growth. In 2017, Rachel, Javed, and Aarvan converted MM to a private limited company. Each of them had a majority of stake in the company, each owning a quarter of the shares. Rachel was appointed as Managing Director of the company.

 With time, the customer base of MM started to expand. It started getting both national and international customers. Apart from this, it also has charities, non-governmental organizations, and governmental departments as customers.

 

The company outsources various services including, photography used in marketing materials, production of the film, and human resource management.

 Talking about the customer base, MM has strong ethical objectives. The company accepts only those businesses as its customers that have robust equal opportunities policies. The company also does not work with businesses that subcontract to other businesses that exploit employees in any manner.

 The main focus of MM is on providing the best customer service. MM focuses on responding to its customers more quickly than any others in the industry.

 Later in 2016, the owners decided to open an office in Bengaluru, India. This was partly due to the political events in the country. India was also the country Aarvan was familiar with. Rachel thinks that opening the office in Bengaluru has given her the opportunity for a significant reorganization of the company.

 The Bengaluru branch of MM is successful so far. It has sales, design, and customer care teams serving the whole Asia. The Sales Division is still handled by Aarvan, which is based in London. In this entrepreneurship journey, Rachel, Aarvan, and Javed have faced and are still facing various problems related to HRM, finance, location, etc.

 The company also has various future plans. The owners are planning to take over Satvi Films (SF), which is based in India. Acquiring this film studio will let the company produce its own advertisements for radio, TV, and cinema. This way, the company will not have to outsource the production of advertisements. It will help the company increase the profits.

Credit: This summary is based on IB Business Management case study Multi Marketing(MM) for May 2021 exam session. Published by  the IBO

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Related Videos:

MM pre-seen case study May 2021 Video 1

MM Pre seen case study May 2021 Video 2

MM Pre seen case study May 2021 Video 3

MM Pre seen case study May 2021 video 4

MM Pre seen case study May 2021  full case study video

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