QUESTION ONE In relation to global entrepreneurship define the term “gazelle” A gazelle is an extremely fast-growing company, which maintains consistent expansion of both employment and turnover over a prolonged, period. There is no single definition, of what constitutes an Read More …
Day: February 21, 2021
BUSINESS PLAN DEVELOPMENT QUESTION AND ANSWERS
QUESTION ONE Wanachi bicycles limited specialize in designing and building customized bicycles to meet the specific needs of mountain bike racing professionals. The company has earned a reputation of designing the best mountain bikes in the world because of its Read More …
ENTREPRENEURIAL AWARENESS AND MOTIVATION QUESTION AND ANSWERS
QUESTION ONE Explain four internal and four external factors which motivate individuals to develop entrepreneurial behavior Internal factor include Positive Thinking A positive attitude can motivate you to accomplish your business goals. It is a must for entrepreneurs starting their Read More …
ENTERPRISE DEVELOPMENT QUESTION AND ANSWERS
QUESTION ONE Examine five stages that are involved in the pre-start-up phase of a new business venture. . Idea Generation stage This is the preliminary stage for the business. Here, the entrepreneur does a lot of ground work to access Read More …
ENTREPRENEURAL OPPORTUNITIES QUESTION AND ANSWERS
QUESTION ONE Distinguish between “Utility patents” and Design patents” A design patent protects the ornamental design; configuration, improved decorative appearance, or shape of an invention. This patent is appropriate when the basic product already exists in the marketplace and is Read More …
ENTREPRENEURSHIP AND SELF EMPLOYMENT QUESTION AND ANSWERS
ENTREPRENEURSHIP AND SELF EMPLOYMENT QUESTION ONE Entrepreneurs are faced with challenges of cultural diversity in their businesses. Recognition You must recognize that people have differences, be it physical, generational or cultural, and, you cannot pretend that these barriers have been Read More …