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Category: ENT202

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ENT202

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

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

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_________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.

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

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________ is a kind of storeroom.

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

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______ 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.

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

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

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

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

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

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

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

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

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

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

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

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

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__________ function of marketing involves the buying and selling.

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 _________ 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.

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_________ is when a firm initially charges a high price on a product and thereafter brings the price low to accommodate the price elastic segments of the market.

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Goods that are meant for further production or for the routine operations of a business firms are called ____

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

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A _________ business includes sole proprietorship and partnership.

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

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

28 / 50

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

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 A product is made up of _________ different levels.

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

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

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

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

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

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

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

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_________ 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.

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The four specific functions of managers are planning, organizing, directing and __________

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

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

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

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

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

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____ is the movement of goods through head- loaded by human porter

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

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 _________ is a systematic way of doing things.

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

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 _________ 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.

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Shares subscription is when the general public is invited to buy_________

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

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