business paper 1 mcq's

The four basic management tasks are….

• Marketing, leading, organizing, controlling

• Hiring, firing, selling, purchasing

• Planning, organizing, leading, controlling

• Motivating, demonstrating, controlling, delegating

… are people who have unlimited wants and needs to be satisfied

• suppliers

• competitors

• manufactures

• consumers

An environment that includes local authorities, regional, and central government

• global environment

• legal environment

• institutional environment

• technological environment

… the ability of the product or service to satisfy a specific need

• quality

• quantity

• quality assurance

• quality control

Payment where money is exchanged when goods or service is received

• installment

• cash

• credit

• cash with order