a) State three kinds of business organization.
b) Outline the merits and demerits of running a business as a partnership.
c) Describe the functions of board of directors.
a) Describe the principal factors that affect the choice of the location of a business.
b) Describe why most companies are now ‘market oriented’ instead of ‘production oriented’.
c) In brief differentiate between a merger and a takeover.
a) Draft an organization chart appropriate for a major national chain of retail stores, which has centralized management and administrative systems.
b) Describe the term horizontal integration.
c) Describe the term vertical integration.
a) Describe the need for the civil service (that is, central government).
b) Describe the principal functions of local government.
c) Outline the advantages of the delegation of authority.
problem 5: prepare brief notes on five of the given terms:
a) Mixed economy
b) Franchise organization
c) Vision statement.
d) Articles of association.
f) Economies of scale.
g) ‘not for profit’ organization.