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An enterprise's brand name and the goodwill it has built with customers are best classified as
A supplier's main interest in an enterprise it trades with is
The organisational culture, the management style and the skills of the staff of an enterprise are all part of its
Using resources sustainably benefits an enterprise mainly because
A gap in the market, a change in consumer tastes and a new technology are all examples of
Tendai has been retrenched from his factory job and now runs a welding business from home. Which factor best explains why Tendai started…
One role an entrepreneur plays in the Zimbabwean economy is that they
A feature of a partnership that distinguishes it from a private limited company is that
The main benefit of forming a private limited company rather than a partnership is that
In a business plan, the short opening section that sums up the whole plan for a lender who may read nothing else is called the
A business finds that much of its cash is tied up in slow-moving stock. The most suitable action to improve its working capital is to
When choosing a source of finance, an enterprise should first consider
The main reason a new enterprise carries out market research before launching a product is to
Total Quality Management differs from inspecting goods at the end of a production line because
Under a just-in-time system, materials are
Which one of the following is an objective a company may pursue?
Businesses set objectives mainly because objectives
The people living around a factory, affected by its noise and by the jobs it offers, are known as which stakeholder group?
Interest rates, unemployment and inflation belong to which element of the business environment?
Small businesses are important to an economy mainly because they
A benefit to Zimbabwe of foreign direct investment by a multinational company is that it
A cost to a host economy of foreign direct investment by a multinational is that
State the collective term for the economic, political, social, technological and competitive forces that surround an enterprise and that it…
Which one of the following is an internal source of finance for a business?
State the term for the part of a business's profit, after tax, that is kept in the business instead of being taken out as drawings or paid…
A business enterprise holds inventory of 7 000, trade receivables of 13 000 and cash at bank of 10 000. Its only current liability is trade…
Which of the following is an internal source of finance for a business enterprise?
Which action would improve the working capital position of a business enterprise?
Which of the following is an example of primary market research?
State the term for market research that uses information already collected by someone else for another purpose, such as government…
A drawback of secondary research compared with primary research is that
State the term for a business owned and run by one person, who provides the capital, keeps all the profit and is personally liable without…
An advantage of operating an enterprise as a sole proprietor is that
Which of the following is a function of a merchant bank?
Which of the following is a source of secondary research data?
A disadvantage of operating a business as a sole proprietorship is that
An enterprise has total fixed costs of 20 000. Each unit sells for 3 and has a variable cost of $1. What is the break-even point in units?
An enterprise breaks even at an output of 10 000 units. Each unit sells for 3 and has a variable cost of 1. What is the break-even point…
Under total quality management,
State the term for identifying an opportunity, taking a calculated risk and organising resources in order to turn that opportunity into a…
Which of the following is an external stakeholder of a manufacturing enterprise?
The role of an entrepreneur in production is to
State the term for the degree of excellence of a good or service, that is how well it meets the requirements and expectations of the…
Which of the following is a characteristic of a successful enterpriser?
A person who starts a business after losing a job is being driven towards enterprising by
State the term for a person who owns and runs a business alone, keeping all the profits but bearing unlimited personal liability for its…
In business, quality is best defined as
Daisy employs cooks in her food business and buys ingredients from a wholesaler. The wholesaler is best described as