Which type of business organization has the attribute effectively combining management with control?
Sole proprietorship
Partnership
Limited liability company
Co-operatives
Correct answer is A
No explanation has been provided for this answer.
The size of a business units tends to be small if the activity
Involves mass production of goods
Requires a large capital
Requires division of labour
Involves the provision of direct services
Correct answer is D
No explanation has been provided for this answer.
One of the purposes of advertisement in marketing is to
Change the quality of the product
Raise the quantity of the product demanded as its price falls
Shift the demand curve for the product to the right
Raise production cost
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an important function of the retailer?
Grant credit to the wholesaler
Breaks bulk and sales product in small units
Reduces cost of distribution
Generates demand for production through advertisement
Correct answer is B
No explanation has been provided for this answer.
The merging of firms engage in different stages of production and marketing is called?
External economies of scale
Vertical intergration
Horizontal intergration
Economic union
Correct answer is B
No explanation has been provided for this answer.