ENT202

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

2. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

3.  _________ 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.

4.  A firm could also fix a product price in order to promote its entire product-line.

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

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

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

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

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

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

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

12. Distribution is the movement and handling of goods from the point of production to the point of consumption. True/False

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

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

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

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

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

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

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

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

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

22. 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 __________

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

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

25. __________ 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

39. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.

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

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

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

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

44. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.

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

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

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

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

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

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