ENT202

1. There are __________ different types of meeting are stated in the articles of association.

2.  _________ is the part of a product that gives utility or satisfaction to the consumer.

3. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.

4. ________ is a partner who has an invested capital in the business and participates actively in running the affairs of the business.

5. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________

6. The selling function is the very heart of marketing. True of False __________?

7. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.

8.  The purchase and sale of goods between two countries are called __________

9. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.

10.  If the goods are used for further production of wealth they are called _________

11.  _________ 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.

12. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons

13.  _________ business is the type of business organization that is formed without any formal authority from an existing government.

14. __________ are those that are offered to enhance the activities of industrial and commercial sectors.

15. Goods that are meant for further production or for the routine operations of a business firms are called ____

16. The balance of share capital that is yet to be paid by a subscriber which was voluntarily made so by the firm is called_________

17. Organizations do NOT contribute to the present standards of living of people worldwide.

18. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.

19.  ________ 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.

20. A type of company managed by a board of directors is known as__________

21. _________ of Companies will issue a Certificate of Incorporation

22. ______the movement of goods through the air by aircrafts

23. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.

24. 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.

25. __________ are stored in safe places and are released as and when demanded in the market.

26.  A product is made up of _________ different levels.

27.  _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.

28.  _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.

29. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.

30. _________is the process of buying and selling of goods

31. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________

32. ____ a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.

33. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____

34.  Which one of the following is NOT a Long-term character of a venture?

35. _________ involves the purchase of goods from foreign countries to be sold in the home country.

36. Purchase of goods from foreign countries to be sold in the home country is called _______

37.  _________ involves the purchase of local goods to be sold in foreign countries.

38. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________

39. Goods purchased in huge quantity from producers and resell to retailers is known as ____________

40.  A _______ partner who does not take part in the management of the business but has an invested capital in the business.

41. 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 _________

42. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).

43. __________ are those which are concerned of converting raw material or semi finished products into finished products. E.g. Shoes Company, Textiles Mills.

44. Private companies have minimum of two and a maximum of _____ persons

45. ____ refers to the process of leading and influencing the task-related activities of members of the organization.

46. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.

47. A public corporation enjoys a substantial advantage over other forms of public enterprises.

48. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc

49. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?

50. _________ involves a liaison between existing private and public organizations each of which is able to contribute highly specialized services or facilities to the common enterprise, which is usually of major industrial significance.