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Entreprenuership And Small Business Management Question Paper

Entreprenuership And Small Business Management

Course:Bachelor Of Science In Entrepreneurship Studies

Institution: Moi University question papers

Exam Year:2011

UNIVERSITY EXAMINATIONS: 2010/2011
FIRST YEAR EXAMINATION
ENTREPRENUERSHIP AND SMALL BUSINESS MANAGEMENT
DATE: AUGUST 2011 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
Question one
a) Explain five differences between an entrepreneurial venture and an ordinary small business person.
(10 Marks)
b) An entrepreneur is a manager but a manager is not necessarily an entrepreneur. Discuss (10 Marks)
c) Analyze the impact of the entrepreneurial ego on business performance. (10 Marks)
Question Two
a) Explain five reasons why SBEs usually have problems accessing business finance. (10 Marks)
b) Explain five characteristics of good business opportunity. (10 Marks)
Question Three
a) Explain what an entrepreneur should consider before adopting technology in his/her business
(10 Marks)
b) Explain five types of skills required by an entrepreneur in order to effectively cope with change.
(10 Marks)
Question Four
Analyze how the political, social, technological, economic and legal environment could force an entrepreneur to embrace change. Point out the kind of changes this could entail. (20 Marks)
Question Five
a) Quoting specific product (s), explain what you understand by Customer Value Analysis.
(10 Marks)
b) i) What do you understand by the term business incubation? (2 Marks)
ii) Analyze the reasons why business incubation is important in the development of
entrepreneurship in a country? (8 Marks)

Entreprenuership And Small Business Management Question Paper

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