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Entre 432:Business Planning Question Paper

Entre 432:Business Planning

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 1''ST ''TRIMESTER 2013 (EVENING) EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : ENTR 432
UNIT TITLE : BUSINESS PLANNING

TIME: 2 HOURS

Instructions:

Answer question one (compulsory) and any other two questions.

Question One

Briefly explain for components of business environment.

(8mks)

Explain the importance of a pre-start up stage to a potential entrepreneur.

(10mks)

Identify components of a business idea and explain the importance of each to the success of an enterprise.

(6mks)

Why should every entrepreneur write a business plan?

(6mks)

Question Two
"Failing to plan is planning to fail" Discuss this statement in view of the purpose and importance of business planning. (20mks)

Question Three
A registered youth group has approached you for assistance in writing a business plan for funding from constituency development fund. Systematically explain the key elements you will consider in developing the business plan. (20mks)

Question Four

Explain five techniques that can be used to generate business ideas.

(10mks)

Explain five motivation factors that motivate entrepreneurs to start their own enterprises.

(10mks)

Question Five

Describe the main stages in the entrepreneurial process.

(10mks)

Explain the top ten reasons why businesses fail.

(10mks)

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