Bece Business Studies 2023 Past Questions and Answers

Question 11:

• BECE 2023

What is the purpose of market research?

A. To understand customer needs and preferences
B. To increase production capacity
C. To hire new employees
D. To design new products
E. To train staff

Question 12:

• BECE 2023

What is an entrepreneur?

A. Someone who works for a company
B. Someone who starts and runs their own business
C. Someone who invests in the stock market
D. Someone who manages a department
E. Someone who designs marketing campaigns

Question 13:

• BECE 2023

Which of the following best describes "capital"?

A. Money and assets used to start and operate a business
B. The total revenue of a company
C. The net profit after taxes
D. The total number of employees
E. The total amount of debt

Question 14:

• BECE 2023

What is the primary objective of advertising?

A. To inform and persuade potential customers
B. To increase production
C. To manage inventory
D. To design new products
E. To hire employees

Question 15:

• BECE 2023

What is a balance sheet?

A. A financial statement that shows a company's assets, liabilities, and equity
B. A document that lists all the company'sEXP#enses
C. A record of all sales trANS#actions
D. A report showing the company's profit
E. A summary of the company's market share