Question 6:

• BECE 2023

Which of the following is an example of a tangible asset?

A. Brand reputation
B. Patents
C. Machinery
D. Trademark
E. Goodwill

Question 7:

• BECE 2023

What is a business plan?

A. A document outlining the business’s goals and the strategy to achieve them
B. A record of daily trANS#actions
C. A summary of the company's annual financial performance
D. A list of employees and their roles
E. A marketing strategy

Question 8:

• BECE 2023

What does the term "market segmentation" mean?

A. Dividing a market into distinct groups of buyers
B. Combining different markets into one
C. Selling products in multiple markets
D. Producing one product for all markets
E. None of the above

Question 9:

• BECE 2023

Who is considered the father of modern management?

A. Steve Jobs
B. Peter Drucker
C. Bill Gates
D. Henry Ford
E. Warren Buffet

Question 10:

• BECE 2023

Which of the following is NOT a form of business ownership?

A. Sole proprietorship
B. Partnership
C. Corporation
D. Franchise
E. Government agency