Reference no: EM131153714

QUESTION - ENTREPRENEURSHIP

1. Give four Characteristics of an entrepreneur?

2. Explain how small businesses are important to our economy and your community.

3. Explain why flexibility is important to the survival of a small business.

4. What are factors to consider when moving to self-employment?

5. Describe the different ways an owner of a start-up business can help to promote an ethical organizational culture.

6. Discuss the challenges and remedies of entrepreneurship.

7. Define competitive advantage and explain how a business can establish and maintain it to lead to success?

8. State challenges of family business owners and suggest possible solutions.

9. Explain the significance of an entrepreneur to learn the product life cycle.

10. Personal selling is an important technique for the small business owner. Discuss.

11.  What are Qualities of a good business opportunity?

12. Give Factors to consider when assessing product demand.

13. Why should one have reasons for protection of business ideas?

14. Give four distinctions of entrepreneurs and business owners.

15. Discuss the importance of business licensing.

16. Discuss how entrepreneurs can ensure that their business stays innovative and fresh? Why do you think some small businesses lose their creative edge as the business grows?

17. Discuss the differences between ordinary share capital and preference share capital.

18. What are similarities between debt finance and preferred share capital?

19. Discuss the advantages and disadvantages of preference share capital. Classifications of preference shares.

20. What are factors that affect the type of finance cost?

21. Discuss factors that influence the choice of objectives in setting business goal.

22. In your own opinion, what do you think is the most effective and efficient way for small business owners to promote and market their products or services?

23. Define the following terms

I. Entrepreneurship

II. Entrapreneurship

III. Entrepreneur

24. Explain some of the advantages of self-employment.

25. Differentiate between innovation and invention as it applied to the process of entrepreneurship.

26. Identify any five ways of protecting business ideas and secrets.

27. Explain some of the factors an entrepreneur needs to consider before selecting an appropriate form of business ownership.

28. Explain the importance of a budget to an entrepreneur.

29. List the disadvantages of globalization.

30. An entrepreneur can only be relevant in the market if he/she remains updated with the current technology. Discuss the impact of technology to entrepreneurs.

31. Generating a good business idea is the first step in starting and becoming self-employed. Explain the major characteristics of a good business idea.

32. Explain any five benefits that accrue to an entrepreneur from preparing a business plan.

33. What are the reasons for outsourcing?

34. Differences between technoprenuers and entrepreneurs.

35. Discuss benefits of business networking?

36. List FIVE advantages of electronic money transfers.

37. Discuss factors that influence entrepreneurial activities/motivate entrepreneurs.

38. List and discuss Foursources of innovative ideas.

39. Give reasons explaining why business ideas should be protected.

40. Identify the major sources of capital available to an entrepreneur today in your country.

41. Explain why a government may emphasize on entrepreneurship growth in your country.

42. Discuss principles of innovation.

43. What could one adapt from other industries or fields to their business?

44. Creative thought includes four stages. Discuss them.

45. Discuss disadvantages and advantages of extending credit to customers.

46. Entrepreneurship definition stresses four basic aspects of being an entrepreneur. List them.

47. What do we mean by desirability of new venture formation?

48. Discuss four types of start-ups in a business idea?

49. Give reasons why one should turn to entrepreneurship.

50. Discuss the entrepreneurship process.

51. What is entrepreneurial background and explain on it characteristics.

52. Explain the following terms in entrepreneurship.

i. Locus of control.

ii. Motivation.

iii. Sense of efficiency.

iv. Conformity uncertainty

v. Self-confidence

53. Discuss the advantages and disadvantages of self-employment.

54. Discuss the importance of self-employment.

55. List five role of an entrepreneur in business.

56. Why doesn't entrepreneur have to work on Implementation of the project?

57. Discuss benefits and limitations of entrepreneurship.

58. Discuss the challenges and remedies of entrepreneurship.

59. Entrepreneurship versus self-employment. Discuss the differences.

QUESTION-

1. One evening when you went to pick your child at the boarding school, the owner mentioned to you that she would like to sell the business. You have always wanted to run a boarding school facility and would like to try to buy the business. What facts should you consider in making this decision?

2. After discussing the boarding school purchase with your banker, you decide to make a determined effort to purchase the business. To make a good decision, what information must you have and how will you get it?

3. Describe the rewards entrepreneurs can achieve through their businesses.

4. Explain the following categories in business planning.

i. Internal sources.

ii. External sources.

iii. Personal activities.

5. Discuss the following types of business incubators.

i. Classical incubators.

ii. Industrial estates.

iii. Export processing zones.

iv. Science and technology incubations.

v. Internet incubators.(1mks)

vi. Public incubators.

vii. Commercial incubators.

viii. University related incubators.

ix. Public-private incubators.

6. Discuss ten factors to consider when deciding which business to incubate.

7. What are factors to consider when selecting business incubators?

8. List services offered by incubator and benefits of incubation.

9. Explain the following terms on qualities of a good business opportunity.

i. Legality.

ii. Marketability.

iii. Financial feasibility.

iv. Growth.

v. Protection ability.

10. What are factors to consider when assessing product demand? 

11. How to estimate future demand of a product. Explain.

12. Explain the foursteps of marketing research.

13. Explain the following factors considered when assessing a suitable market.

i. Customer potential.

ii. Customers taste preference.

iii. Market size.

iv. Physical infrastructure.

v. Competition.

vi. Economics of scale.