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Dba0212:Entrepreneurship Skills Question Paper

Dba0212:Entrepreneurship Skills

Course:Diploma In Agriculture

Institution: Meru University Of Science And Technology question papers

Exam Year:2013

QUESTION ONE 30 MARKS
After completing his Diploma course, Paul decided to utilize the skills he has acquired to start his own business. Advise him on the following:
(a) Factors that can lead to business failure. (5Marks) (b) Personal characteristics that favour entrepreneurship. (5Marks) (c) Business considerations to make before starting the business. (5Marks) (d) Source of finance for his business. (5Marks) (e) Features of a good business opportunity. (5Marks) (f) Legal aspects to address before and during his business operations. (5Marks)
QUESTION TWO 15 MARKS
(a) Business ideas can come from many sources. Outline any six sources. (6Marks) (b) Explain four considerations to make in choosing business location. (4Marks) (c) Give reasons why it is necessary to conduct a market survey before starting a business. (5Marks)
2
QUESTION THREE 15 MARKS (a) Discuss any five types of an entrepreneur. (5Marks) (b) Explain how a business plan is important to the entrepreneur. (5Marks) (c) It is said that a customer buys to satisfy a need. In the light of this statement explain how an entrepreneur can identify customer needs using Maslow’s hierarchy of needs. (5Marks)
QUESTION FOUR 15 MARKS (a) What is ‘an enabling environment’? Explain five ways in which the government of Kenya has helped in creating an enabling environment to entrepreneurs. (7Marks) (b) Discuss the intrinsic factors that may motivate one to be an entrepreneur. (8Marks)
QUESTION FIVE 15 MARKS (a) Discuss the elements of a business plan. (10Marks) (b) Explain the factors that determine the right source of finance for entrepreneurs. (5Marks)

Dba0212:Entrepreneurship Skills Question Paper

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