Question 51:

• BECE 2023

What is a "joint venture"?

A. A partnership between two or more companies to undertake a specific project
B. A merger of two companies
C. A takeover of one company by another
D. A subsidiary of a larger company
E. A new product development initiative

Question 52:

• BECE 2023

two or more companies to undertake a specific project.

What is the primary purpose of customer service?

A. To manage inventory levels
B. To increase production capacity
C. To assist and satisfy customers
D. To design marketing campaigns
E. To handle financial records

Question 53:

• BECE 2023

Which of the following is a characteristic of an effective team?

A. Clear goals
B. Open communication
C. Mutual respect
D. Defined roles
E. All of the above

Question 54:

• BECE 2023

What is a "competitive advantage"?

A. The ability to produce at a lower cost than competitors
B. The total revenue generated by a company
C. The market share of a company
D. The profitability of a company
E. The size of a company's workforce

Question 55:

• BECE 2023

What does "outsourcing" mean in a business context?

A. Hiring temporary employees
B. Delegating tasks to an external organization
C. Conducting business in foreign markets
D. Developing new products in-house
E. Managing internal departments