DATE: JULY 2017
TIME: 1 HOURS
INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO
(a) Using relevant examples, write down the meanings of the following terms as used in
(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]
(a) Explain TEN roles of Entrepreneurship in economic development in Kenya.
(b) Explain the benefits to an entrepreneur that comes as a result of using a business plan in
your busincss venture
(a) It is not all business ventures that succeed. What do you think makes entrepreneurs
(b) List and briefly explain the characteristics or forms of a business plan.
(a) Entrepreneurs become, very success ful in business ventures. State and briefly explain
THIRTEEN characteristics of entreprencurs that contribute to their success
(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
(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.
(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.