ENT202

1. 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 _________

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

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

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

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

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

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

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

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

10. ____ a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.

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

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

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

14.  _________ 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.

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

16. ________ is a kind of storeroom.

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

18. ______the movement of goods through the air by aircrafts

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

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

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

22. A business is a set of activities, which leads to the manufacturing of goods or_________

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

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

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

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

27. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.

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

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

30.  ________ 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.

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

32. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________

33. The objective of promotion is described as ______

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

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

36. _________ 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.

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

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

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

41. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.

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

43.  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.

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

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

46. Commercial activities are classified as____________

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

48. _________ of Companies will issue a Certificate of Incorporation

49. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.

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