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E n t r e
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Entrepreneurship

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ne Entr r
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ur SYLLABUS
SPECIMEN PAPER
MARK SCHEME
SUBJECT REPORTS
Macmillan Education Ltd
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ISBN 978-0-230-48294-4
© Caribbean Examinations Council (CXC®) 2022
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Copyright, Design and Patents Act 1988.

First published 2014

This amended edition published December 2022

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CAPE® Entrepreneurship Free Resources

LIST OF CONTENTS
CAPE® Entrepreneurship Syllabus Extract 3

CAPE® Entrepreneurship Syllabus 4

CAPE® Entrepreneurship Specimen Papers &

Mark Schemes

Unit 1 Paper 01 Specimen Paper 64

Unit 1 Paper 01 Mark Scheme 71
Unit 1 Paper 02 Specimen Paper 72
Unit 1 Paper 032 Specimen Paper 88
Unit 2 Paper 01 Specimen Paper 100
Unit 2 Paper 01 Mark Scheme 107
Unit 2 Paper 02 Specimen Paper 108
Unit 2 Paper 032 Specimen Paper 124

CAPE® Entrepreneurship Subject Reports

2015 Subject Report 137

2017 Subject Report 149
2019 Subject Report 158
2020 Subject Report 170
2021 Subject Report 181
Entrepreneurship

Entrepreneurship seeks to empower students by providing the knowledge, skills and

attitudes to achieve entrepreneurial success in a variety of settings. It places
emphasis on the individual’s acumen to realise opportunity, assess risk, and apply
the skills necessary to transform innovative ideas into viable, sustainable ventures.
The CAPE Entrepreneurship syllabus provides students with the mindset that
supports creativity and innovation needed to transform ideas into ventures that
create value and wealth. The syllabus seeks to fill that void in the continuum from
idea generation to venture creation.

Several governments, as well as many non-governmental organisations in the region

have implemented entrepreneurial initiatives which offer training, tax incentives,
funding and start-up support to individuals to assist them in actualising
entrepreneurial ambitions. The syllabus apprises students of ways to access these
training, technical support, funding and legislative incentives.

The syllabus addresses fundamentals of entrepreneurial behaviour and thinking and

engages students in practical experiences through idea generation and opportunity
identification to implementing, managing and harvesting a venture. The syllabus
also acquaints students with the essentials of business ownership, legal and
regulatory frameworks, the importance of market research, feasibility analysis and
the development of a business model in order to successfully compete in the global
marketplace. The syllabus provides a good foundation for further studies in
Entrepreneurship, starting and operating a venture and/or becoming an
entrepreneurial employee (intrapreneur).

The syllabus is divided into two (2) Units.

Unit 1: Entrepreneurship Theory

Module 1 - The Entrepreneurial Mindset

Module 2 - The Entrepreneurial Process
Module 3 - Creativity and Innovation

Unit 2: Entrepreneurship Practice

Module 1 - Essentials of Business Ownership

Module 2 - New Venture Planning and Creation
Module 3 - Managing and Growing the Venture
 Caribbean Advanced
Proficiency Examination®

SYLLABUS
ENTREPRENEURSHIP
CXC A31/U2/13

Effective for examinations from May–June 2015

Correspondence related to the syllabus should be addressed to:

The Pro-Registrar
Caribbean Examinations Council
Caenwood Centre
37 Arnold Road, Kingston 5, Jamaica

Telephone Number: + 1 (876) 630-5200

Facsimile Number: + 1 (876) 967-4972
E-mail Address: cxcwzo@cxc.org
Website: www.cxc.org

Copyright ©2022 by Caribbean Examinations Council

Prince Road, Pine Plantation Road, St Michael BB11091

CXC A31/U2/13 www.cxc.org

Contents
INTRODUCTION ………………………………………..………………………………………………………………………………………..i

RATIONALE……………………………………………………………………………………………………………………………..…………1

AIMS………………………………………………………………………………………………………………………………………..………..2

SKILLS AND ABILITIES TO BE ASSESSED……………………………………………………………………………..……………….2

PREREQUISITES OF THE SYLLABUS………………………………………………………………………………..…………………..3

STRUCTURE OF THE SYLLABUS…………………………………………………………………………………………………………..3

APPROACHES TO TEACHING THE SYLLABUS……………………………………………………………………………………….4

UNIT 1: ENTREPRENEURSHIP THEORY………………………………………………………………………………………………..5

MODULE 1: THE ENTREPRENEURIAL MINDSET…………………………………………………..…………….….5

MODULE 2: THE ENTREPRENEURIAL PROCESS……………………………………………………………………11

MODULE 3: CREATIVITY AND INNOVATION…………………………………………………………..…………..15

UNIT 2: ENTREPRENEURSHIP PRACTICE……………………………………………………………………………………………20

MODULE 1: ESSENTIALS OF BUSINESS OWNERSHIP……………………………………………………………20

MODULE 2: NEW VENTURE PLANNING AND CREATION……………………………………………………..23

MODULE 3: MANAGING AND GROWING THE VENTURE…………………………………………………….29

OUTLINE OF ASSESSMENT……………………………………………………………………………………………..………………..35

ASSESSMENT DETAILS…………………………………………………………………………………………………..…………………37

REGULATIONS FOR PRIVATE CANDIDATES…………………………………………………………………..…………………..51

REGULATIONS FOR RESIT CANDIDATES…………………………………………………………………………..……………….51

ASSESSMENT GRID…………………………………………………………………………………………………………..………………52

GLOSSARY OF BEHAVIOURAL VERBS USED IN THE ENTREPRENEURSHIP EXAMINATION………..………..53

CXC A31/U2/13 www.cxc.org

 NOTE TO TEACHERS AND LEARNERS

First issued in 2013

Amended 2016
Amended 2020
Amended 2022

Please check the website www.cxc.org for updates on CXC®’s syllabuses.

Please access relevant curated resources to support teaching and learning of the syllabus at
https://learninghub.cxc.org/

For access to short courses, training opportunities and teacher orientation webinars and
workshops go to our Learning Institute at https://cxclearninginstitute.org/

PLEASE NOTE

This icon is used throughout the syllabus to represent key features which teachers
and learners may find useful.

CXC A31/U2/13 www.cxc.org