IJMB Business Management 102 Past Questions 2002; This IJMB Economics 102 past question is suitable for students about to sit for the upcoming IJMB EXAMINATION. Students should be informed that IJMB is an advanced-level program that helps students secure admission into the university of their choice without JAMB.
Recommended; See Other IJMB Past Questions Here
IJMB Business Management 102 Past Questions 2002
INTERIM JOINT MATRICULATION BOARD EXAMINATION
SUBJECT: BUSINESS MANAGEMENT PAPER II
DATE SCHEDULED: WEDNESDAY 8th MAY 2002
TIME ALLOWED: THREE HOURS (3 HRS)
INSTRUCTIONS: Answer any FIVE (5) questions only.
- a) Discuss the importance of salaries and wages to the company.
b) What factors influence the wages and salaries paid by a company?
- Examine the general factors that would be considered in deciding where to locate a factory.
3. a) Explain what the product life cycle means
b) With the help of a diagram, explain briefly the stages in the product life cycle.
4. Discuss the internal and external factors that affect consumers’ purchasing behavior.
5. Define production and discuss the various types of production processes. Give examples of each production process.
6. a) Define labor and state some of the general goals of individual workers in any organization.
7. a) What do you understand by the term ‘Trade Credit’?
b) What are the advantages of trade credit as a common form of short-term financing?
c) What factors do financial managers use in evaluating different sources of funds and financing?
