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Question 10 A product is called a good if a) It is predominantly tangible b) Its price is below the market standards c) It has

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Question 10 A product is called a good if a) It is predominantly tangible b) Its price is below the market standards c) It has been standardized d) It is sold directly to the end consumers Section C- 60 marks Answer any 3 question in this section Question 1 a) Describe the five major functional areas in a business enterprise. [10 marks] b) What are the four essential functions of money? [10 marks] Question 2 a) Compare and contrast strategic alliances with joint ventures [10 marks] b) Discuss the disadvantage of a merger or acquisition. [10 marks] Question 10 A product is called a good if a) It is predominantly tangible b) Its price is below the market standards c) It has been standardized d) It is sold directly to the end consumers

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