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Bse 125: New Venture Creation Question Paper

Bse 125: New Venture Creation

Course:Bachelor Of Science In Entrepreneurship Studies

Institution: Moi University question papers

Exam Year:2016 April

BSE 125 NEW VENTURE CREATION
Instructions to candidate
This paper consists of six question
Answer question one and any other three questions
The marks attached to each question are shown at the end.
QUESTION ONE
a) Explain the venture creation process (4 marks)
b) What are the characteristics of individuals who initiate a new venture (4 marks)
c) Distinguish between an idea and a business opportunity (4 marks )
d)What are sources of business idea( 4 marks)
e)What is the importance of a unique selling proposition of a product/ service in a competitive market. (4marks)
f )Explain the importance of creativity and innovativeness in the success of a new venture
( 4 marks)
g)Who are venture capitalists ?(4 marks)
QUESTION TWO
a) Who is an entrepreneur. ( 8 marks)
b) Explain why the definition of the terms entrepreneur and entrepreneurship have
become elusive (8 marks)
c) What are characteristics of a successful entrepreneur (8 marks)
QUESTION THREE
a)What is a venture in relation to business? (4 marks)
b)Using any model of how individual end up in business, Explain the process of venturing into business (10 marks)
c)What are major causes of business failure (10 marks)
QUESTION FOUR
a)Discuss the different growth stages of a business (12 marks)
b)What are entrepreneurial strategies required at each growth stage (12 marks)
QUESTION FIVE
a) What is the business plan. (4 marks)
b )Discuss the essential elements of a business plan. (10 marks)
c )Explain the importance of a business plan to an owner-manager and to a financer.(10 marks)
QUESTION SIX
a) What is a franchise? (4 marks)
b )What are the criteria of becoming a franchise of an an existing business and the criteria for becoming a franchisor? (10 marks)
c)Examine the nature and the role of a franchisor and franchisee in the creation of new
venture (10 marks)

Bse 125: New Venture Creation Question Paper

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