BUSINESS MANAGEMENT TRIAL QUESTION


BUSINESS MANAGEMENT

What is market segmentation?

State five benefits that a company can derive from market segmentation

Define grapevine

Explain two disadvantages of grapevine

What is production planning?

Explain four factors that affect efficiency of labour

Explain the following terms

i. Bill of exchange
ii. promissory note
iii. Cheque

Explain four reasons why a cheque may be dishonoured

Discuss four ways by which Ghana can improve its economy

Explain three causes of unemployment in Ghana

Explain three uses of information to business

Explain the term debenture

Outline any two rights that a debenture holder may have

What is meant by centralization?

List three disadvantages of centralization

Outline four ways by which a manager can make delegation effective

Discuss three advantages of collective bargaining

State four reasons why business organizations must undertake planning

Outline four characteristics of entrepreneurship

Explain four advantages of specialization

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