ENT202

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

2. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit

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

4. The objective of promotion is described as ______

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

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

7. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.

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

9. _________ generates profits, but rather than return those profits to shareholders, like business ventures, it reinvests those profits to further the social venture and the resulting social benefits.

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

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

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

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

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

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

16.  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.

17.  __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.

18. _________ 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.

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

20. __________ is the movement and handling of goods from the point of production to the point of consumption.

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

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

23. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.

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

25. _____ is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit

26. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.

27.  _________ 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.

28.  _________ is a systematic way of doing things.

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

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

31. _________ of Companies will issue a Certificate of Incorporation

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

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

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

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

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

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

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

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

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

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

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

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

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

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

47. __________ venture the entrepreneur uses external partners for financial support in providing a public good.

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

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

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