gce 2022 intermediate level entrepreneurship 2

gce 2022 intermediate level entrepreneurship 2

gce 2022 intermediate level entrepreneurship 2

For an entrepreneur to be successful, he or she should have some skills. One of the skills is risk management.
Who is entrepreneur?
Name and briefly explain four constraints and two risks faced by an entrepreneur
Describe four responsibilities of an entrepreneur

As a successful sole proprietor, Mr Toll decides to form a partnership business with Mr.Mbom. His intention is to expand
his market and make more profit.
Give four advantages that Mr.Tohenjoys as a sole proprietor
Name and briefly explain four qualities needed byMr.Toh as an entrepreneur
Give four disadvantages of partnership as a form ofbusiness
2)

The success of any economy is mainly thanks to the existence of small and medium size enterprises. These enterprises
must work hard in order to succeed.
(i) What is an enterprise?
(ii) Define entrepreneurship
(iii) Explain the economic role of the enterprise
Define entrepreneur profiling and state three (3) types of entrepreneur
Give two opportunities and two threats with respect to an entrepreneur
3)

Knowledge of the business environment is very important to the success of every business.These environmental forces
aregrouped into internal and external forces. To succeed, a good entrepreneur must be able to come up with a good
business plan.
(a) . – Name four external factors that will affect the success of a business
Give four reasons for putting up a business plan
Who is a business promoter?
4)

Every business operating system needs a good leader for it activities. This will enable the business to grow andbecome
successful and profitable..
Who is a leader?
Identify and briefly explain four types of leadership styles.
A businessman may carry out some projects in order to generate income. State some examples of
Entrepreneurship Projects.

For a business to be successful it has to have the neededfinancial resources. These finances can be
obtainedfrom a variety of sources.
(i) Give two sources of short-term finance and two sources of long-term finances
(ii) Give four reasons why small businesses find it difficult to raise finance
Explain four challenges faced by an entrepreneur
What do you understand by feasibility study?

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