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Establishing And Managing Small Business(Entr 330) Question Paper

Establishing And Managing Small Business(Entr 330)

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
With an aid of a diagram define and explain the meaning of the term Enterprise Development.
(4 Marks)

What factors push people to starting new business?
(4 Marks)

Describe the key elements of a good business model.
(6 Marks)

Distinguish the THREE forms of business while highlighting the advantages and disadvantages of each.
(10 Marks)

Identify and describe business development issues that an entrepreneur must address while establishing a new business.
(8 Marks)

Question Two
Describe the challenges faced by small business in the development of their organization.
(8 Marks)
Explain the range of services which are necessary in assisting in the start up and development of a new business which are available through the public, private, and voluntary sector in Kenya.
(12 Marks)

Question Three
Distinguish between Opportunity Pull and Opportunity Push.
(4 Marks)
Explain the processes of opportunity scouting and idea generation.
(8 Marks)
Describe the sources of finances available to new business and those in early development, and identify the potential solution.
(8 Marks)

Question Four
Explain the meaning of the term firm growth.
(6 Marks)

With an aid of a diagram, describe the process of enterprise growth based on an hybrid model of life cycle theory.
(14 Marks)

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