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Entrepreneurship JKUAT Revision Questions

DATE: JULY 2017
TIME: 1 HOURS
INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO
QUESTIONS
QUESTION ONE
(a) Using relevant examples, write down the meanings of the following terms as used in
entrepreneurship skills
[10 marks
Entrepreneurship
Entreprencurship skills
Entrepreneur
Intraprencur
Innovation
(ii)
(iii)
(iv)
(v)
(b) Entrepreneurship is a process, a journey, not the destination, a means, not an end. Briefly
explain specific steps involved in fhe entreprencurial pracess. [0 marks]
QUESTION TWO
(a) Explain TEN roles of Entrepreneurship in economic development in Kenya.
[10 marks]
(b) Explain the benefits to an entrepreneur that comes as a result of using a business plan in
your busincss venture
[10 marks]
QUESTION THREE
(a) It is not all business ventures that succeed. What do you think makes entrepreneurs
successful?
[10 marks
(b) List and briefly explain the characteristics or forms of a business plan.
[10 marks
QUESTION FOUR
(a) Entrepreneurs become, very success ful in business ventures. State and briefly explain
THIRTEEN characteristics of entreprencurs that contribute to their success
[13 marks
(b) Business expansion is a business strategy in which growth is obtained by increasing the
numher of stores in which custormers can buy a company ‘s products and services
Discuss in details SEVEN benefits of business expansion of your choice
7 marks]

QUESTION FIVE
(a) All cntreprencurs are business people but not all business pcople arc cntreprencurs.
Entrepreneurs tend to be more innovative than just ordinary business people as they have
more than one business plan. Explain briefly TEN means of generating business idea.
[10 marks]
(b) Things are never easy for a small-business owner. No matter how hard you try, there are
always problems to solve and fires to put out. Discuss in details some of the issues in
small business management.
[10 marks]

Author

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