ENTREPRENEURSHIP
TIME: 11:00AM-1:00PM
DATE: AUGUST 2, 2018
INSTRUCTIONS
Answer Question ONE and ANY Other TWO Questions.
QUESTION ONE (30 MARKS)
a) Explain the concept of entrepreneurship
b) Discuss five characteristics of entrepreneurship
c) Explain entrepreneurial process that every business goes through
d) Discuss five types of intellectual property protection for businesses
e) Explain five reasons why negotiation is important in business
f) Discuss five reasons why businesses restructures and reorganizes themsclves
QUESTION TWO (20 MARKS)
a) Families that want to stay in business for generations don’t have a choice but to encourage entrepreneurship in out their family company
i) Discuss five factors that make family businesses successful
ii) Explain five challenges that face family businesses
QUESTION THREE (20 MARKS
a) Differentiate between creativity and innovation
b) Discuss five reasons why creativity and innovation is important in any business
QUESTION FOUR (20 MARKS)
a) Explain why you think every business should have a business plan.
b) Discuss elements of a business plan
QUESTION FIVE (20 MARKS)
a) Your business is your child; nurture and nourish it to help it grow healthy and strong’. Discuss five ways of managing growth of a business
b)Discuss why resource mobilization is important in any business

Post Author: universi

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