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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:2010
FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTMENT : BUSINESS ADMINISTRATION
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions
Question 1
Mr. Omondi would like to establish a small supermarket in Mangongo Estate; he has been advised to develop a business plan to secure a loan from Kenya Commercial Bank. As his consultant explain what he should include in each of the following sections of a business plan?
a) Covering Letter (3marks)
b) Title page (3marks)
c) Executive Summary (4marks)
d) Business Description (4marks)
e) Marketing Plan (4marks)
f) Organization Plan. (4marks)
g) Operational Plan (4marks)
h) Financial Plan (4marks)
Question 2
a) Mr. Omar started a business enterprise and the following are details of the transaction he undertook in month January 2010. 1st opened an account with KCB and deposited Kshs 500,000 2nd paid rent at Kshs. 10,000, bought furniture Kshs. 15, 000, fittings, Kshs. 10,000, goods Kshs. 300,000. 3rd sold goods at Kshs. 100,000, purchased goods Kshs. 200,000 4th sold goods at Kshs. 220,000, purchased goods Kshs. 300,000 11th purchase goods on credit from Mr. Ondieki at Kshs. 200,000, 12th sold goods at Kshs. 210,000, returned goods of Kshs. 40,000 to Mr. Ondieki. 16th paid one year insurance at Kshs.12,000, sold goods at Kshs. 250,000 19th paid his personal rent of Kshs. 10,000 goods on stock 30,000. Note: All transactions were through cheques
i) Prepare ledger accounts for Mr. Omar’s Business. (8marks)
ii) Prepare Mr. Omar’s trading, Profit and Loss Account (4marks)
iii) Prepare Mr. Omar’s Balance Sheet (3marks)
b) As a student of business planning you have been approached by you uncle to develop for him a business plan discuss the contents you will include in the market analysis section. Base your answer on relevant business idea. (10marks)
c) A business plan is not an investment plan qualify the statement? (10marks)
Question 3
a) Mr. Onyango would like to establish a small café at Moi Avenue in Mombasa town he has approached you as a business planning student to assist him in design a business plan for the purpose of acquiring a loan from Family Finance. Discuss the major contents that should be included on the business description section of the business plan. Assume you have the details and design the company/business description (13marks)
b) State and explain six ways of avoiding business plan challenges? (12marks)
c) Consultants classify business plans in terms activities state and explain five types of business plans in terms of activities. (10marks)
Question 4 a) Most entrepreneurs don’t prepare business plans as a consultancy in the field; you have been approached by an NGO to explain to Sukumawiki Traders on the importance of a business plan. Prepare a one week course outline and notes for the training? (12marks)
b) Design the Operational and Organizational plan for Sukumawiki Traders at Kongongwea Market and explain why it should be included on the trader’s business plan? (12marks)
c) A financial plan is very important components of a business plan using the Sukumawiki Traders above a trader with Kshs. 100,000 capital prepare for him a simple financial plan for two months. (11marks
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