Which of the following clearly defines business?
- A. The process of planning, coordinating, organising and controlling
- B. The act of achieving goals with the help of others
- C. The act of buying and selling
- D. Sole proprietorship, Partnership and Public Limited Companies
- E. Any productive activity undertaken for profit motive
A group of public limited companies that commonly own a joint venture is known as
- A. holding company
- B. consortium
- C. cartel
- D. trust
- E. merger
One of the features of a supermarket is
- A. having similar shop fronts
- B. having many shops under one root
- C. selling common household goods
- D. having central control from headquarters
- E. selling without shops
The allowance given to a retailer to enable him make a profit is known as
- A. interest
- B. commission
- C. trade discount
- D. cash discount
- E. dividend
The allowance given to a retailer to enable him make a profit is known as
- A. interest
- B. commission
- C. trade discount
- D. cash discount
- E. dividend
Which of the following is the main tool of mass selling
- A. public relations
- B. personal selling
- C. Consumer research
- D. Customer orientation
- E. Advertising
Which of the following is the main tool of mass selling
- A. public relations
- B. personal selling
- C. Consumer research
- D. Customer orientation
- E. Advertising
The face to face contact between sellers and buyers with the aim of selling a product is known as
- A. personal selling
- B. customer cordination
- C. promotion
- D. advertising
- E. public relation
The face to face contact between sellers and buyers with the aim of selling a product is known as
- A. personal selling
- B. customer cordination
- C. promotion
- D. advertising
- E. public relation
Which of the following is not a reason for imposing import duties? To
- A. improve balance of trade
- B. improve quality of goods for consumers
- C. obtain revenue
- D. protect infant industries
- E. prevent dumping
In a business environment, which of the following variables can a business man conveniently control?
- A. Product
- B. Politics
- C. Culture
- D. Economy
- E. The laws
Which of the following is not a way of raising capital for business?
- A. Issuing of bonds
- B. Borrowing
- C. Savings
- D. Ploughing back profit
- E. Issuing dividend warrants
Which of the following is not a way of raising capital for business?
- A. Issuing of bonds
- B. Borrowing
- C. Savings
- D. Ploughing back profit
- E. Issuing dividend warrants
In which of the following business units are the owners mostly the customers?
- A. Co-operatives
- B. Partnerships
- C. Public corporations
- D. Limited liability companies
- E. Sole proprietorship
In which of the following business units are the owners mostly the customers?
- A. Co-operatives
- B. Partnerships
- C. Public corporations
- D. Limited liability companies
- E. Sole proprietorship
Which of the following is not a business resource?
- A. Wages
- B. Man
- C. Money
- D. Material
- E. Machine
Which of the following is not a business resource?
- A. Wages
- B. Man
- C. Money
- D. Material
- E. Machine
The commercial term “Caveat emptor” means, Let the
- A. buyer beware
- B. seller beware
- C. manufacturer beware
- D. account be settled
- E. endorser be careful
The commercial term “Caveat emptor” means, Let the
- A. buyer beware
- B. seller beware
- C. manufacturer beware
- D. account be settled
- E. endorser be careful
Which of the following functions may not be performed by a whole saler?
- A. Transporting
- B. Warehousing
- C. Financing
- D. Branding
- E. Manufacturing
Which of the following services is not rendered by NIPOST
- A. Express delivery
- B. Recorded delivery
- C. Parcel post
- D. Telephone
- E. Cash delivery