REVIEW QUESTIONS / TASKS   NO. 1

1)     How did Britain in the 19th Century finance the construction of railways and other projects.

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2)     American exports in 1993 grew to an annual average of

     A)     16%

     B)     9%

     C)     12%            (please circle your answer)

3)     Adam Smith described consumption as the sole end and purpose of all      production and the interests of the product ought to be attended to only so far as it may be necessary for promoting those of the consumer.

     Describe your understanding of this

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4)     There are five views in which marketing is often viewed., list them.     1).........................................................................................................................     2).........................................................................................................................     3).........................................................................................................................     4).........................................................................................................................     5).........................................................................................................................

5)     Entrepreneurs `sense' what the market wants, name at least two entrepreneurs and highlight their main product / market bias.

     1).........................................................................................................................     ............................................................................................................................     ............................................................................................................................     ............................................................................................................................     ............................................................................................................................     ............................................................................................................................

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     2).........................................................................................................................     ............................................................................................................................     ............................................................................................................................     ............................................................................................................................     ............................................................................................................................  

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