Business - 27 April

Which of the following pays individuals per unit produced?

• Commission

• Salary

• Piece rate

• Bonus

SuperPharm, Starlite and Massy are included in which sector of business activity?

• Primary

• Tertiary

• Intermediary

• Secondary

The 4th level of Maslow's hierarchy is?

• Social

• Physiological

• Self actualisation

• Esteem

Which of the following is NOT a benefit of specialisation?

• Higher efficiency

• Is not affected by absenteeism

• More skilled workers

• Better quality

The pricing method that charges low prices when entering the market is called?

• Skimming

• Penetration

• Cost-plus

• Promotional

If selling price is $5, output is 1000 and costs equal to $500. Total revenue made would be

• 500

• 5000

• 4500

• 1000

Which of the following is a method of primary market research?

• Questionnaires

• Websites

• Text books

• Journals

The element of the marketing mix responsible for determining what is sold is called

• Promotion

• Place

• Product

• Price

The type of training that is done when entering an organisation as an employee is called

• On the job

• Off the job

• Job

• Induction

Government owned businesses belong to which sector of the economy?

• Primary

• Private

• Public

• Profit