Professional Documents
Culture Documents
TIME: 3 HOURS
INSTRUCTIONS:
Attempt any FOUR questions.
(25 Marks)
3. In the face of competition, large companies have found them selves ignoring
opportunities hence leaving gaps in the market, Discuss the circumstances under
which established businesses leave gaps in the market to the benefit of small
companies.
(25 Marks)
4. a) Outline the most important sources of finance for an entrepreneur? (10 Marks)
b) What are the most important key factors for a new venture success? (15 Marks)
5. Write short notes on the following;
a) The role of entrepreneurship
b) The pull and Push factors to entrepreneurship
c) Service innovation
d) Competitive edge
e) Business incubator
(5 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
(5 Marks)
6. In this dynamic business environment, businesses are faced with enormous challenges,
Discuss the important areas where innovation could be applied to give your business a
competitive edge
(25 Marks)
7. In order to be a successful entrepreneurs, it is believed that one has to posses certain
Skills. Discuss some of the important skills necessary to be a successful entrepreneur
In a dynamic business environment.
(25 Marks)
8. The main tasks of entrepreneurs is that they create anew world from an existing one,
To what extent is this statement true?
(25 Marks)