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Buss 114: Entreprenuership Question Paper

Buss 114: Entreprenuership

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions
Question 1
a) What do you understand by the term “validation” of business idea. Explain by use of examples. (5marks)
b) Identify and explain any three non-financial factors likely to influence a Kenyan youth into entrepreneurship. (6marks)
c) What is business planning? Do many entrepreneurs embrace it? Justify your answer? (2marks)
d) Explain entrepreneurship views of the following proponents of entrepreneurship.
i) Mc Clelland
ii) Joseph Schumpetes. (10marks)

Question 2
a) Explain five reasons for slow growth of entrepreneurship in developing countries. (10marks)
b) Identify any one entrepreneurial behaviour theory that can influence a retiree to establish and manage a successful venture. Use examples to support your answer. (10marks)

Question 3
a) What really causes business failure? Can it be avoided? (5marks)
b) By use of relevant examples explain how business growth is measured. (5marks)
c) Government plans and priorities are sources of business ideas. What ideas can one spot through the vision 2030. Discuss. (10marks)

Question 4
a) What general factors should be considered when selecting a business location? (5marks)
b) Explain the incentives available in Kenya for aspiring entrepreneurs. (7marks)
c) What should an entrepreneur consider when setting the price for their product at the introductory stage of the business. (8marks)

Question 5
a) Why is human resource management important to an entrepreneur? (6marks)
b) Explain the characteristics of entrepreneurship. (7marks)
c) Briefly explain the key issues in the marketing plan is a business plan. (7marks)

Buss 114: Entreprenuership Question Paper

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