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Entrepreneurship Growth And Development(Entr 334) Question Paper

Entrepreneurship Growth And Development(Entr 334)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Instructions: Answer Question ONE and any other TWO Questions.
Question One
John is very perceptive and believer he has identified an opportunity for a new business in juice making industry. He wants to make sure, however, that he is not just following a hunch-that the opportunity is sound. What criteria can John use to determine whether he has identified an attractive opportunity.
(15 Marks)
Outline the FIVE stages of the entrepreneurship creative process.
(10 Marks)
Explain with the relevant example the meaning of intellectual property right.
(5 Marks)

Question Two
Explain the process of financial management required for a company to succeed. (20 Marks)

Question Three
Discuss the influence of policy in the development and growth of entrepreneurship in Kenya. (20 Marks)

Question Four
Discuss the factors that an entrepreneur would need to consider while choosing the legal form of an enterprise on starting up.
(10 Marks)

Highlight the common myths of entrepreneurship.
(10 Marks)

Question Five
Explain the FOUR primary factors that play a role in determining the bargaining power of the suppliers.
(10 Marks)

How does threat of new entrants have the potential to suppress an industry’s profitability.
(10 Mark)

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