when you make up ID11 from the 2 sachets of powder, the resulting liquid is the "stock solution" - this will keep for quite a while, unlike the further dilutions that can be made. Working solutions are referred to as 1+1 or 1+3 - the first being the stock solution, the second being water. Think of it as mixing a cocktail - 1+1 is 1 measure of stock solution, 1 measure of water, 1+3 is l measure of stock, 3 measures of water. So - for 300ml 1+1 - its 150ml stock, 150ml water, for 300ml of 1+3 it's 75ml stock, 225ml water.
When you dilute ID11 any more than stock, it starts to degrade pretty quickly and doesn't keep more than a day or so. Stock solution keeps for a few months in airtight/airfree jars, hence the term STOCK, as in you can store it
Theres a good factsheet on ID-11
here
ID-11 was originally made for commercial dip and dunk processing tanks, to be used at stock solution concentrations - hence when you use it at 1+1 or 1+3 it takes a while to develop the film, and why if you dilute further than stock, the developer doesn't keep.
One of the more economical ways of using ID11, is to use and re-use the stock solution. Rather than throwing it out at the end of the process, you return the used dev to the stock bottle. A litre of ID-11 stock will process 10 x rolls of film (either 35mm or 120) The main problem with this is that each film that is processed depletes the developer a bit, and you need to keep a tally of how many films you've processed in a given batch of chemical, and adjust the processing times accordingly - all this is in the PDF file I linked to above (page 8 iirc) Personally, for the sake of consistency, I just work at 1+3, get 13 rolls from a litre and use it as a one-shot allowing me to process for the same duration in every case.