Business Management – Paper 1 Case Study Pack Case Study: P&S Trawlers (PST) Definitions and applications For May 2020 examinations How to use the Paper 1 Case Study Pack (May 2020) This comprehensive 160-page Case Study Pack has been produced to help colleagues and students in their preparations for the May 2020 Paper 1 examination (P&S Trawlers). The latest Case Study Pack from Level7 E
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Business Management – Paper 1 Case Study Pack
Case Study: P&S Trawlers (PST)
Definitions and applications
For May 2020 examinations
How to use the Paper 1 Case Study Pack (May 2020)
This comprehensive 160-page Case Study Pack has been produced to help colleagues and students in their preparations for the May 2020 Paper 1 examination (P&S Trawlers). The latest Case Study Pack from Level7 Education includes:
1. Definitions of all the key terms in the case study. Over 95 key terms/phrases have been identified and clearly defined in the context of the PST case study.
See pages 4 – 20
2. Crossword – This year’s CSP comes with a new feature, containing a crossword that covers 24 of the key terms featured in the PST case study, to help your students gain a better grasp of the terminology used.
See pages 21 – 24
3. A stakeholder profile of all the people and various stakeholders featured in the case study, including Pekka, Tapio, Shae and Patsy Heikki.
See pages 25 – 30
4. 5-4-3-2-1 Quiz – Another new feature of this year’s CSP is a 5-4-3-2-1 Quiz, developed in conjunction with tutor2u. An example worksheet is provided, with answers. Teachers could design their own version
See pages 31 – 33
5. Fact Sheet about Finland and its commercial fishing industry, which provides additional information to help student gain a better understanding of the market. This can help to improve their written responses in the final examinations.
See pages 34 – 41
6. Comprehension quiz questions – 10 sets of short comprehension questions to help your students’ learning of the PST case study. The first page of each quiz contains a blank version that can be printed out for students to write their response in class or has homework. The second page of each quiz comes with the answers (for teachers). There are over 130 questions in total. See pages 42 – 61
7. True or False questions – 10 sets of ‘true or false?’ questions to test students’ recall and understanding of the PST case study. The first page of each quiz contains a blank version of the True or False quiz for students and the second page comes with the answers (for teachers). Over 130 true or false questions are included in this resource pack.
See pages 62 – 81
8. Wordle quizzes – A collection of 5 Wordle quizzes to test your student’s understanding of 45 of the key terms featured in the PST case study. These quizzes are similar to crosswords but contain the answers randomly in a word cloud. The Wordle posters can be printed in A3 colour to form part of a classroom display to trigger your students’ memory of the PST case study.
See pages 81 – 91 and pages 156 – 160.
© Level7 Education Limited | Wuxi United International School, China | Redistribution is strictly prohibited | Page 2
9. A–Z Quiz – A great lesson starter or plenary, with 26 questions to test your students’ comprehension and understanding of the PST case study.
See pages 92 – 93
10. An applied SWOT analysis of PST. A detailed SWOT analysis is a useful tool for strategic analysis in order to aid strategic decision making. Whilst the pre-release case study contains some financial information, a fully applied SWOT analysis has been included based on the pre-issued case study and additional sources regarding the fishing industry in Finland.
See pages 94 – 100
11. A PEST analysis for PST. Similarly, a detailed PEST (STEEPLE) analysis also provides useful information for strategic analysis and for formulating business strategy. A PEST analysis has been included for PST, including actual data specific to the Finnish economy.
See pages 101 – 106
12. Exam-style questions with mark allocations, using learning outcomes from the IB BM syllabus. Students can tackle these 25 exam-style questions, for independent or collaborative learning, homework, assessments and/or practise exams. Each of these questions come with detailed suggested answers.
See pages 107 – 118
13. Separate Paper 1 mock exams for HL and SL, with accompanying mark schemes. This Case Study Pack includes two full mock exams – one for HL and one for SL, each with an accompanying detailed mark scheme. For the SL mock exam, additional information has been included for Section B. For the HL mock exam, additional information has also been included in Section C.
Note: whilst real data/information have been included where possible, the additional information in Sections B and C have been incorporated only for the purpose of providing additional practise for the final examination.
SL mock exam paper - See pages 119 – 121 HL mock exam paper - See pages 134 – 138
SL marks scheme - See pages 122 – 133 HL marks scheme - See pages 139 – 155
Best wishes with the preparations for the May 2020 examinations!
Paul Hoang
20th February 2020
For more hints and ideas for the P&S Trawlers case study, follow the author on Twitter:
@paulhoang88 or use the Twitter hashtags #IBBusinessManagement #CUEGIS #PST
Cover page photos: https://pixabay.com/photos/sea-trawler-boat-fishing-ship-sky-1761912/ and https://pixabay.com/vectors/tuna-fish-silhouette-black-symbol-310118/4XJ72371WE3323030
© Level7 Education Limited | Wuxi United International School, China | Redistribution is strictly prohibited | Page 3
Commercial fishing (3)
This is the business activity of catching fish and other seafood products from oceans, rivers, and lakes for financial gain.
Business (4)
A business is a decision-making organization involved in the production of goods and/or services to satisfy a need or a want of customers. PST combines human, capital and financial resources for commercial fishing purposes.
Market prices (5 – 6, 30, 91, 93 – 94)
The price of fish products is dependent on the market forces of demand for and supply of the product. Due to the volatile nature of the industry, with varying catches due to unpredictable weather conditions and seasonal factors, market prices will fluctuate accordingly and require price lists to be regularly updated.
Partnership (9)
This is a business co-owned by at least two partners. In an ordinary partnership, there are between two to twenty owners, with unlimited liability. Partners share responsibility for the operations and success of the business. PST was originally established as a partnership for many generations, before becoming a private limited company in 2010.
Private limited company (10)
A private limited company is an incorporated business owned by shareholders who have limited liability. The shares of a private limited company (Ltd.) cannot be bought by or sold to the general public. PST was changed from a partnership, owned by the Heikki family, to a private limited company in 2010 to reduce risk exposure to the family.
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