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Hi all, I am taking P3 with self study. My friends’ lecturer told them to read more business news to provide real life example in exam to score higher.
Please advise is this necessary. Thanks.
Reading business papers can give you a good awareness of business strategies and, for example, how businesses might have to respond to e-business rivals. Therefore, I would never say that keeping up to date with real-life business events is a waste of time.
However,
1 The exams are written by the examiner around 18 months in advance of the exam, so they will not require up-to-date references
2 The model answers will not contain contemporary, real life references.
3 Any real-life reference you insert might not be known to the marker.
4 Usually the questions you are asked require you to respond to the scenario in the question.
Therefore, any reference you make to real-life events will probably be very broad. So if you are describing how the internet is important to a business, keep the reference very general. For example: “E-commerce is becoming more important as can be seen by the success of Amazon and travel companies”.
Hi Mambo786,
I am currently studying for P3. I see there is a lot of knowledge to study and I really don’t want to waste my time rote learning loads of unnecessary things, that won’t help in the exam.
Could you tell me what did you rote learn? Only the main models?
Also did you work through the whole exam kit on past questions?You need to know the main models and you need to work through past questions (Dec 2007 onwards).
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