ENT202

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

2. Commercial activities are classified as____________

3. A _________ business includes sole proprietorship and partnership.

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

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

6. _________ is the process of leading and influencing the task-related activities of members of the organization.

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

8. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.

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

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

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

12. __________ is the determination of objective and the possible strategies to accomplishing it.

13.  __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.

14. ______the movement of goods through the air by aircrafts

15. The objective of promotion is described as ______

16. Which one of the following is NOT a disadvantage of a partnership.

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

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

19. _________ venture recovers a portion of its costs through sales of its goods or services.

20. 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.

21. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________

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

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

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

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

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

27. Marketing functions can be divided into exchange functions, facilitating functions, and _________

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

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

30.  _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.

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

32. Where the actual cost of the product is equal to or greater than the estimated price, an adjustment could be made which is known as __________

33. __________ is the type of partnership in which the liabilities of the partners are restricted to the business .assets in case the business fails in a welter of indebtedness.

34. _________is the process of buying and selling of goods

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

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

37. __________ is the physical nature of a product upon which competition is made.

38. ______ 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.

39. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________

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

41. _________ 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.

42. 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 _________

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

44. The process of buying and selling of goods within the edge of a country is called ________

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

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

47.  _________ 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.

48. __________ function of marketing involves the buying and selling.

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

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