Unit 1: Introduction to Business Management
Topic 1.1: What is a Business? Questions
Practice 20 exam-style questions for IB Business Management Topic 1.1. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
1state2 marks
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Ria has opened a second branch of her hair salon and now employs nine stylists across the two shops.
State two tasks carried out by the human resources function.
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2026
State two examples of secondary-sector businesses.
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2026
Describe one difference between a need and a want.
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A business plans to launch a new product next month. Outline one role of each of these functions: marketing, operations, finance, and HR.
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2026
Tallpine is a company that plants and fells timber across 12 000 hectares of forest in a northern region.
State two activities, other than forestry, that belong to the primary sector.
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Which statement gives the clearest meaning of first mover advantage?
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A bakery says its purpose is to satisfy customer needs and wants. Explain the difference between a need and a want, using one example of each linked to the bakery.
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Kito runs a dog-walking business, taking clients’ dogs out for an hour each morning while their owners are at work.
State two features of a service.
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A small manufacturer has many customer complaints about faulty products. Identify which business function is most directly responsible for fixing this issue and state one action it could take.
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2026
State two of the main business functions.
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Describe one task carried out by the finance and accounts function.
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A new firm looks for a business opportunity. What does that phrase mean?
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2026
A company turns sheets of steel into car parts in its factory. Explain why this company is in the secondary sector.
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Which statement gives the clearest meaning of the term business plan?
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Which of these is a financial opportunity of starting a business?
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2026
Describe one difference between a good and a service.
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Which set of items would normally appear as sections of a business plan?
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A café wants to hire two new baristas. Identify the business function most responsible for this decision and one task it would carry out.
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2026
Define the term business function.
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