DATE: JUNE 2017
TIME: 1.5 HOURS
INSTRUCTIONS: ANSWER QUESTION ONE (COMPULSORY) AND ANY OTHER
TWO QUESTIONS
QUESTION ONE (20 MARKS)
All entrepreneurs are business people but not all business people are
entrepreneurs. Entrepreneurs tend to be more creative and innovative
just ordinary business people as they have imore than one business
five sources of generating a business idea (10 marks)
a)
than
plan. Explain
Things are never easy for small business owners. No matter how hard
try, there are always problems to solve. Discuss in details some of the issues in small
business management (10 marks)
b)
they
QUESTION TWO (20 MARKS)
A business plan is a document that spells out the goals and objectives of a
achieved. Using the
business of your choice prepare
a)
business and clearly outlines how and when these goals will be
knowledge you have acquired in class, identify a
a simple business plan for the business (10 marks)
b)
Entrepreneurs have played a major role in our society discuss (5 marks)
What is meant by “private sector enterprise (5 marks)
c)
QUESTION THREE (20 MARKSS)
There are various theories that explain the phenomenon of entrepreneurship.
а)
Describe any three (5 marks)
Explain some of the reasons entrepreneurs go into business (5 marks)
b)
с)
Financing of any business is essential. An entrepreneur needs to get
financing, where should an entrepreneurs solicit financing for his
business (5
marks)
d)
What is meant by seed capital financing? What does the entrepreneur
need
to do to convin ce the investor to get money (5 marks)
QUESTION FOUR (20 MARKS)
a)
The govemment plays a big role in the development of small business.
Discuss (5 marks)
retain
b)
his/her customer (5 marks)
Explain the five strategies that could be adopted by an entrepreneur to
global
by the firms (5
c)
market, in your discuss show some of the limitations experienced
marks)
By use of appropriate examples, discuss why a firm would invest in a
d)
Explain the first two elements in the innovation process (5 marks)

Post Author: universi

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