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Business Planning(Buss 046) Question Paper

Business Planning(Buss 046)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS

INSTRUCTIONS
Answer question one and any other two questions
Question One
Why is a business plan important to an organization in Kenya?
(10 Marks)
Describe any five risks that business in Kenya face in their day to day operations?
(10 marks)
What are the main functions of a business plan?
(10 Marks)

Question Two
What are the sources of business ideas which guide entrepreneurs?
(10 Marks)
Discuss in detail why a business plan is important to the following;
Potential investors
(5 Marks)
Financiers like banks
(5 Marks)

Question Three
What are the sources of business opportunities for entrepreneurs?
(10 marks)
Why is it important to screen business opportunities that entrepreneurs may come across?
(10 marks)

Question Four
Describe in detail the components of a management plan in your business plan.
(10 marks)
Why is a business plan important to the employees of an organization?
(10 Marks)

Question Five
The financial section of the business plan is there to show the reader why the business is viable. Discuss the content of the financial plan.(10 Marks)
Why are the following important?
Cash flow statement
(5 Marks)
The income statement
(5 Marks)

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