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. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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2. ______the movement of goods through the air by aircrafts
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3. Elkington and Hartigan (2007) define ______ models for social ventures.
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4. Commercial activities are classified as____________
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5. Which one of the following is NOT an advantage of a partnership.
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6. _________ 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.
7 / 50
7. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.
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8. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
9 / 50
9. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.
10 / 50
10. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.
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11. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
12 / 50
12. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
13 / 50
13. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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14. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________
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15. _________ refers to the merging of companies to form an organized whole
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16. _________ involves pricing a product at the average level charged in the industry.
17 / 50
17. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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18. 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 _________
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19. _________ is the determination of objective and the possible strategies to accomplishing it.
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20. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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21. __________ are those which are concerned of converting raw material or semi finished products into finished products. E.g. Shoes Company, Textiles Mills.
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22. Private companies have minimum of two and a maximum of _____ persons
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23. _________ is the process of leading and influencing the task-related activities of members of the organization.
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24. A product is made up of _________ different levels.
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25. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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26. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________
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27. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.
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28. A public corporation enjoys a substantial advantage over other forms of public enterprises.
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29. __________ is concerned with adding services to the core and formal products.
30 / 50
30. _________ business is the type of business organization that is formed without any formal authority from an existing government.
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31. Which one of the following is NOT a Long-term character of a venture?
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32. __________ concept states that a product passes through a life cycle as human beings.
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33. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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34. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
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35. _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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36. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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37. ______ is the process of arranging and all locating work, authority, and resources among an organization ‘s members so they can achieve the organization ‘s goals.
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38. Goods purchased in huge quantity from producers and resell to retailers is known as ____________
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39. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________
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40. __________ is when the general public is invited to buy shares.
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41. A _______ partner who does not take part in the management of the business but has an invested capital in the business.
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42. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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43. 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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44. Goods that are meant for further production or for the routine operations of a business firms are called ____
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45. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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46. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
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47. _____ 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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48. _________is the process of buying and selling of goods
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49. 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.
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50. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
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