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WorksheetsTypes of Business and Marketing
Total questions: 24
Worksheet time: 13mins
The membership of a partnership
2 to 20
2 to 50
minimum of 10
maximum of 50
All the following are advantages of a sole trader EXCEPT
It is easy to form
The owner gets personal satisfaction of being his or her own boss
The owner relies heavily on his or her good health and energy
The owner makes all decisions having to deal with the business
" Independence" is the chief feature of this type of business. Since little or no consultation must place, plans are speedily put into effect'. To which type of business unit does this statement refer?
Sole Trader
Partnership
Coporate
Jon borrowed 20,00 from his father and started a small Tyre Shop. Johns business would be classified has
Partnership
Coporate
Sole Trader
In a partnership, a (a) partner is one who takes no active part in the business affairs, but still invest in the business, thus reaping shares in the business profit
Which document is enforced when there is an absence of the Partnership Deed?
Partnership Act
Articles of Partnership
None
Agreement
A/ An (a) is usually liable for ONLY what they have invested in the business
Which of the following is not an example of a sole trader type of business?
Ms. Ting's Tuck Shop
Johnny"s One Stop
Grace's Fruit Stall
Caribbean Cream Limited
A/An _________ is usually involved in the day-to-day operations of the business
Limited partner
Active partner
Unlimited parter
_____ is a legal document that gives the company the right to go into operation.
Certificate of Incorporation
Partnership Deed
Memorandum of Association
Articles of Association
The term " Limited' after the company's means that
A shareholder can purchase a limited amount of shares in the company
A shareholder's liability is only limited to the amount of shares he/she have invested in the company
The company engages in the sale of limited range of products
The company is legally registered and can commence operation.
Which type of Business ownership unit could have the shares quoted on the Stock Exchange?
Partnership
Sole Trader
Private Limited Company
Public Limited Company
______ is a document that shows the company relationship with the outside world
Partnership deed
Memorandum of Association
Articles of Assocation
Certificate of Incorporation
All the following must be in a Partnership Deed Except
The name of the partners
The nature of the business
The objectives of the business
The duties of the partners
The minimum amount of persons that can form a partnership in BANKING is_
(a)
This is all the process involved in getting the right product, to the right consumer, at
the right price, in the right place in a profitable and efficient way.
(a)
Includes consumer goods
product
pricing
place
promotion
Are methods the firm use to make the consumer aware of the product
product
pricing
place
promotion
the monetary value of a good or service or the amount asked for the product
product
pricing
place
promotion
Free Samples
where items are displayed
mini replicas of the product
items with huge discounts
given for prompt payments
Cash Discounts
where items are displayed
mini replicas of the product
items with huge discounts
given for prompt payments
Price Discounts
the amount taken off the price of an item
mini replicas of the product
items with huge discounts
given for prompt payments
State the factors that influence consumer behaviour
Price
Brand loyalty
Place
Traditions
Family traditions can change a consumer's behaviour
TRUE
FALSE
