ENT202

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

2. Elkington and Hartigan (2007) define ______ models for social ventures.

3. Commercial activities are classified as____________

4. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.

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.

6. _________ is the determination of objective and the possible strategies to accomplishing it.

7. ______the movement of goods through the air by aircrafts

8. Goods produced by an industry which are further processed into finished products by another concern are called ______

9. The major differences between private and public companies are the number of __________ and the issuing of shares.

10. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.

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

12.  In case the goods produced by an industry are further processed into finished products by another concern they are known as _________

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

14. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.

15. __________ is when the general public is invited to buy shares.

16. The objective of promotion is described as ______

17.  _________ is the process of stimulating and increasing sales through market awareness and customer service.

18. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.

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

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

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

22. Shares subscription is when the general public is invited to buy_________

23. _________ refers to the merging of companies to form an organized whole

24. __________ involves the coordination of human and material resources toward objective accomplishment.

25. Which one of the following is NOT an advantage of a partnership.

26. ________ is a kind of storeroom.

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

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

29.  _________ business that is formed and owned, by one man and members of his immediate family.

30. Shell Petroleum Development Company and the Nigerian Government is an example of _______

31. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?

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

33. The process of using available resources to achieve stated organizational objective by directing and controlling the efforts of the organizational members is called _________

34. _________is the process of buying and selling of goods

35. __________ is concerned with adding services to the core and formal products.

36. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.

37. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.

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

39. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product

40. 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.

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

42.  _________ 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.

43. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.

44.  _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.

45. Anything that can be offered to the market for attention, acquisition or consumption, including physical objects, services, personalities, organizations and desires is called a____

46. The memorandum of Association regulates the powers of the company and fixes its objects in relation to the outside world. True or False____?

47. __________ concept states that a product passes through a life cycle as human beings.

48. ____is concerned with adding services to the core and formal products.

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

50. _________ involves pricing a product at the average level charged in the industry.