BB3602 Entrepreneurship Development
BB3602 Entrepreneurship Development
BB3602 Entrepreneurship Development
Parts i) and ii) of each question are compulsory and each part carries 2 marks. Parts iii), iv) and v) carry
8 marks each and the student may attempt any 2 parts.
Q1.
i) The employee who is entrusted with the responsibility to make innovation innovation in the organisation is called [BL
1]
a) Innovator
b) Corporate Entrepreneur
c) Intrapreneur
d) None of the above
(2 marks)
iv) Discuss the challenges faced by entrepreneurs during initial stages of their businesses. [BL 2]
(8 marks)
Q2.
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i) The role of the Development Institutes of the Government in promoting entrepreneurship [BL 1]
iii) Explain the role of District Industries Centers (DICs) in supporting entrepreneurship at the local level. [BL 2]
(8 marks)
iv) Explain the factors that should be considered when determining the financial needs of a business venture? [BL 2]
(8 marks)
Q3.
iii) Discuss the role of passion and perseverance in entrepreneurial motivation. How can entrepreneurs stay committed to
their goals and overcome setbacks and obstacles along the way? [BL 2]
(8 marks)
iv) Analyze the impact of external factors such as economic conditions, industry trends, and regulatory changes on the
success or failure of a business. [BL 4]
(8 marks)
v) Discuss the significance of networking and mentorship in entrepreneurship. How can entrepreneurs build strong
networks and seek guidance from experienced mentors to overcome challenges and accelerate their business growth?
[BL 4]
(8 marks)
Q4.
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ii) The purpose of a market plan in a business plan is[BL 1]
a) Outlining the company's organizational structure
b) Identifying target customers and competitors
c) Describing the manufacturing process
d) Listing the company's suppliers
(2 marks)
iii) Evaluate the technological requirements, innovations, and advancements necessary to support the business operations
and competitive edge? [BL 2]
(8 marks)
iv) Explain the factors that should be consider by an entrepreneur when outlining their operational processes, logistics,
and resource management strategies? [BL 3]
(8 marks)
v) Explain the challenges faced by the entrepreneurs in preparing a business plan. [BL 3]
(8 marks)
Q5.
a) Declaring bankruptcy
b) Liquidating assets
c) Selling the business
d) All of the above
(2 marks)
iii) Discuss the importance of an IPO for a company. How does going public through an IPO enhance a company's
visibility, credibility, and access to capital markets? [BL 2]
(8 marks)
iv) Explain the process of registering a business unit. What are the legal and regulatory requirements for registering a
business entity? [BL 2]
(8 marks)
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