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Entrepreneurship Education Question Paper

Entrepreneurship Education

Course:

Institution: Kenya Industrial Training Institute question papers

Exam Year:2012

KENYA INDUSTRIAL TRAINING INSTITUTE
C.T.T.C
I.M DEPARTMENT
ENTREPRENEURSHIP EDUCATION
November 2012 Time Allowed: 2 hour
Answer ALL Questions Mobile phones not allowed in the examination room.

1. Compare and contrast self employment and salaried employment. (10mark)
2. Explain the meaning of the term “entrepreneur” (2marks)
3. Identify six challenges faced by entrepreneurs. (12mark)
4. Highlight the problems facing the youth today which act as barriers to entrepreneurship.
(8marks)
5. Briefly explain three difficulties encountered by entrepreneurs when protecting their trade secrets.
(6marks)
6. Why are project reports important to entrepreneur? (6marks)
7. Entrepreneurship success depends an opportunity recognition outline six ways which an entrepreneurship can use to identify a business opportunity. (12marks)
8. Discuss six factors that an entrepreneur should put into consideration prior to commencing trading on the internet. (12marks)
9. Analyze Ten potential risks that new business ventures may encounter. (10marks)
10. Mr John Oka runs a bakery in Westland Estate and has employed three members of staff to assist him. Mr. John Oka operates the business strictly on cash basis. This has lead to some of his customers buying their bread elsewhere. Mr John Oka believes that because he bakes high quality bread, he does not need to advertise his business or employ a sales person. Two more bakeries have been set up in the estate. Customers have complained that Mr. John Oka only bakes bread of one size he does not bake scones or cakes and this output does not meet the demand. Competitors have taken note of this and diversified their product lines. Mr John oka’s Business has started to record low sales and reduced profits.
A i) Explain the reasons for the reduced sales volume and profit of Mr. John Oka’s business. (4mrks)
ii) Highlight the strategies of Mr. John Oka’s may implement to cope with competition and improve the performance of his business. (6marks)
b) Describe the benefits that may accrue to an entrepreneur from competition. (4marks)

Entrepreneurship Education Question Paper

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