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Diploma 1 In Business Administration Entrepreneurship Education Past Paper Question Paper

Diploma 1 In Business Administration Entrepreneurship Education Past Paper

Course:Diploma In Business Administration

Institution: Machakos University question papers

Exam Year:2009

End of Term Exams

Time: 2 Hours

Answer All The Questions

1 (a) Define the following terms as used in entrepreneurship education.
(i) Business opportunity (3 Marks)
(ii) Market survey (3 Marks)
(iii)Self-employment (3 Marks)
(iv) Entrepreneurs (3 Marks)
(v) Whole selling (3 Marks)

(b) Explain any FIVE 5 sources of managerial skills. (10 Marks)

2 (a) State and explain any five roles of entrepreneurs in a business. (10 Marks)
(b) Explain the factors which assist one to identify a business opportunity. (15 Marks)

3 (a) State the steps followed when conducting a market survey. (15 Marks)
(b) Outline the diffenrences between primary and secondary data. (10 Marks)

4 (a) Explain how the following assist an entrepreneur to knowing his competitors.
(i) Identifying of competitors (3 Marks)
(ii) Analyzing the competition (3 Marks)
(iii) Comparing the proposed operation with competitors (3 Marks)
(iv) Others existing business (3 Marks)

(b) Explain the information needed when choosing a business location. (13 Marks)

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