Question 1

Unincorporated companies are considered by law to be separate from their owners. True or false?

Options :

A : TRUE

B : FALSE

Answer: B

Question 2

The combination of the personalities of the two negotiators will determine how the negotiation proceeds

Options :

A : TRUE

B : FALSE

Answer: A

Question 3

For service organisations, marketing will focus on the 7P’s marketing mix, expanding on the 4P’s by an additional 3. Which of the following is NOT one of the 7P’s?

Options :

A : People

B : Physicals

C : Process

D : Protective clothing

Answer: D

Question 4

Internal negotiations are as important as those between buyer and supplier.

Options :

A : TRUE

B : FALSE

Answer: A

Question 5

What are the 4 main stages of the product life cycle?

Options :

A :

Establishment, Enlargement, Wisdom and Comedown

B : Introduction, Evolution, Wisdom, Decline

C :

Introduction, Growth, Maturity and Decline

D : Presentation, Evolution, Experience and Drop

Answer: C