Entrepreneurship Question Paper

Entrepreneurship

Course:

Institution: Royal Business School question papers

Exam Year:2010

Question One
(a) Who is an entrepreneur? (2 Marks)
(b) I n what ways can an entrepreneur achieve his objective of being self employed?
(10 Marks)
(c) What traits should an entrepreneur possess to make it in his business? (8 Marks)
Question Two
(a) What are the challenges inherent in running a business? (12Marks)
(b) H ow can an entrepreneur contribute to the social welfare of the community in which his
business operates? (8 Marks)
Question Three
(a) Define the following;
•• Business Opportunity
•• Franchise
(4 Marks)
(b) What thought process should the entrepreneur apply in identifying a business opportunity?
(6 Marks)
(c) Identify and briefly describe 5 types of business opportunities. (10 Marks)
Question Four
(a) I dentify 6 guidelines the entrepreneur can use in choosing a business opportunity
(12 Marks)
(b) What would drive an entrepreneur towards using his own idea to establish his business as
opposed to buying a business opportunity or a franchise? (8 Marks)
Question Five
(a) What is networking and how is it important in today’s economy? (4 Marks)
(b) What are the motivations to networking? (8 Marks)
(c) I dentify the various types of networking (8 Marks

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