Question 1

In Limited liability partnerships, partners can either be equity or salaried partners.

Options :

A : TRUE

B : FALSE

Answer: A

Question 2

What are the 4 main stages of the product life cycle?

Options :

A :

Establishment, Enlargement, Wisdom and Comedown

B : Introduction, Evolution, Wisdom, Decline

C :

Introduction, Growth, Maturity and Decline

D : Presentation, Evolution, Experience and Drop

Answer: C

Question 3

Internal negotiations are as important as those between buyer and supplier.

Options :

A : TRUE

B : FALSE

Answer: A

Question 4

For service organisations, marketing will focus on the 7P’s marketing mix, expanding on the 4P’s by an additional 3. Which of the following is NOT one of the 7P’s?

Options :

A : People

B : Physicals

C : Process

D : Protective clothing

Answer: D

Question 5

Which of the five conflict responses happens when the individual tries to work with the other person to understand the issue from both sides and tries to find a creative solution to rectify the problem?

Options :

A : Accommodating

B : Avoiding

C : Collaborating

D : Competing

E : Compromising

Answer: C

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