ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
ENT202
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1. _________ is when a firm initially charges a high price on a product and thereafter brings the price low to accommodate the price elastic segments of the market.
2 / 50
2. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
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3. An act of separating market into groupings with related consumers needs and wants so that the appropriate marketing programmes are designed for each group is called _________
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4. The type of venture that covers all the activities related to production and distribution of goods and services from the place of production to the final consumers with an aim to earn profit. is called _________
5 / 50
5. ________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.
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6. Which one of the following is NOT a disadvantage of a partnership.
7 / 50
7. _________ business that is formed and owned, by one man and members of his immediate family.
8 / 50
8. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
9 / 50
9. _________ is a systematic way of doing things.
10 / 50
10. Elkington and Hartigan (2007) define ______ models for social ventures.
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11. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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12. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
13 / 50
13. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
14 / 50
14. _________ is the process of leading and influencing the task-related activities of members of the organization.
15 / 50
15. _________ involves the purchase of goods from foreign countries to be sold in the home country.
16 / 50
16. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
17 / 50
17. ______the movement of goods through the air by aircrafts
18 / 50
18. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
19 / 50
19. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.
20 / 50
20. The major differences between private and public companies are the number of __________ and the issuing of shares.
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21. A business is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit.
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22. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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23. _________ is the part of a product that gives utility or satisfaction to the consumer.
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24. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
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25. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.
26 / 50
26. __________ is the physical nature of a product upon which competition is made.
27 / 50
27. The selling function is the very heart of marketing. True of False __________?
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28. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
29 / 50
29. Goods produced by an industry which are further processed into finished products by another concern are called ______
30 / 50
30. _________ is a pricing strategy whereby a high price is set on a product in order to enhance the quality or image of the product-line.
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31. _________ involves the purchase of local goods to be sold in foreign countries.
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32. A firm could also fix a product price in order to promote its entire product-line.
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33. The full procedure for formation, registration, and filing of specific documents and returns of companies whether private or public companies in Nigeria is NOT governed by the Companies Decree No.51 of 1968.
34 / 50
34. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
35 / 50
35. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
36 / 50
36. _________ is a partner who has no invested capital in the business and is not involved in its management but lends his either as a result of his goodwill or public image.
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37. _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
38 / 50
38. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
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39. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?
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40. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________
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41. If the goods are used for further production of wealth they are called _________
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42. A product is made up of _________ different levels.
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43. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.
44 / 50
44. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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45. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
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46. The objective of promotion is described as ______
47 / 50
47. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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48. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
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49. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?
50 / 50
50. _________is the process of buying and selling of goods
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