Buss 114: Entreprenuership Question Paper
Buss 114: Entreprenuership
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 THREE Questions
Question 1
Entrepreneurs are not ordinary human begins hence they cannot be the same as managers, investors nor customers due to their characteristics.
a) Distinguish between Managers and Entrepreneurs? (5marks)
b) Distinguish between Intrapreneur and Entrepreneur? (5marks)
c) Entrepreneurs prepare business plans state the importance of a business plan to an entrepreneur (5marks)
d) Discuss how entrepreneurs generate business ideals? (5marks)
e) Entrepreneurs follow government regulations state and explain three legal provisions they follow concern labour in Kenya? (5marks)
f) Non-entrepreneurial SMEs has a high rate of failure in Kenya briefly suggest the ways of controlling business failure in Kenya. (5marks)
Question 2
a) You have finished your studies from Kenya Methodist University, a student of entrepreneurship you have decided to install a small business computer software firm discuss the various factors you will consider? (15marks)
b) Compare and contrast the neoclassical, Austrian and Behaviour theories of entrepreneurship (10marks) c) State and explain four motivational factors that influence entrepreneur Behaviour. (10marks)
Question 3
a) Discuss five steps of generating an innovative business idea? (10marks)
b) Using a diagram discuss the phases of a business cycle? (10marks)
c) Marketing is a basic requirement for a new business venture
i) Distinguish between Salesmanship and Marketing (8marks)
ii) Discuss how the various components of a market mix are applicable to an Entrepreneurs operations. (7marks)
Question 4
a) Mr. Ken has been operating a small Cafe at Moi Avenue, has approached you as a student of entrepreneurship to explain to him the various ways of maintaining customers suggest to him four ways and explain to him how he will apply them? (12marks)
b) State major source of small business finances, then discuss the advantage and disadvantage of each of the source state and recommend for the best source with reasons (13marks)
c) State and Explain four Challenges Facing Small Business Kenya? (10marks)
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