IB Business Management · Unit 1 of 6

Unit 1: Introduction to Business Management

Unit 1 of IB Business Management covers Introduction to Business Management. This unit contains 6 topics and 25 sub-topics. Below you'll find free study notes, flashcards, and exam preparation resources for every topic in this unit.

6 topics25 sub-topics

Exam technique guide

What Unit 1 covers

Unit 1 establishes the foundations of IB Business Management — what businesses are, how they are organised, their objectives, and the stakeholders they serve. Students also study business growth strategies and the role of multinational companies, building the vocabulary and frameworks used throughout the course.

Topics in Unit 1

1.1

What is a business?

6 sub-topics

1.2

Types of business entities

5 sub-topics

1.3

Business objectives

4 sub-topics

1.4

Stakeholders

3 sub-topics

1.5

Growth and evolution

4 sub-topics

1.6

Multinational companies (MNCs)

3 sub-topics

Study tip: Work through the topics in order — each builds on concepts from the one before. Start with notes, then reinforce with flashcards and practice questions.

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All Business Management units Unit 2