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Explain two threats posed by terrorism in the management of small enterprises.(4 marks)June/July 2020
Terrorism poses several threats to small enterprises, including: Physical destruction of property: Small businesses can be the targets of terrorist attacks, resulting in significant damage to their physical property. This can include destruction of buildings, equipment, and inventory, which can be cRead more
Terrorism poses several threats to small enterprises, including:
Explain three challenges of using Information Communication Technology (ICTs) in a small enterprise. (6 marks)June/July 2020
Cost: Implementing and maintaining ICTs can be expensive, particularly for small enterprises that may have limited financial resources. Complexity: ICTs can be complex and may require specialized knowledge and expertise to manage and maintain. This can be a challenge for small enterprises that may nRead more
State four social responsibility activities that the management of a small enterprise may engage in. (4 marks)June/July 2020
Environmental sustainability: The management of a small enterprise may implement environmentally-friendly practices, such as reducing energy consumption or using recycled materials, to reduce the company's impact on the environment. Community involvement: The management of a small enterprise may engRead more
Explain three ways that an entrepreneur may use to evaluate a business opportunity.(6 marks)June/July 2020
Market analysis: An entrepreneur may conduct market research to assess the size and potential of the target market, and to identify the demand for the product or service that the business will offer. Financial analysis: An entrepreneur may use financial analysis techniques, such as financial modelinRead more
Highlight four reasons for keeping accurate business records.(4 marks)
Legal requirements: Many businesses are required by law to keep accurate records of their financial transactions and other activities. This is often the case for businesses that are subject to regulatory oversight or that are required to file tax returns. Taxation: Accurate business records can helpRead more
Explain three roles played by an entrepreneur in an enterprise. (6 marks)June/July 2020
Visionary: An entrepreneur is responsible for setting the vision and direction for the enterprise, and for defining the goals and objectives that the enterprise aims to achieve. Leader: An entrepreneur is a leader who motivates and inspires the team to achieve the vision and goals of the enterprise.Read more
Outline four cultural practices that may hinder entrepreneurial development.(4marks)June/July 2020
There are several cultural practices that may hinder entrepreneurial development: Strict hierarchy: A strict hierarchy and lack of individual autonomy may discourage entrepreneurship, as it can be difficult for individuals to pursue new ideas or take risks without permission from higher-ups. LimitedRead more
There are several cultural practices that may hinder entrepreneurial development:
Explain three economic factors responsible for the growth of entrepreneurship in a country. (6 marks)June/July 2020
Economic stability: A stable and growing economy can create a favorable environment for entrepreneurship, as it can provide the necessary resources and support for businesses to thrive. Market demand: High levels of market demand for goods and services can create opportunities for entrepreneurs to sRead more
Distinguish between creativity and innovation as used in entrepreneurship. (4 marks)June/July 2020
Creativity refers to the ability to generate new and original ideas, and to think outside the box. It involves using imagination and problem-solving skills to come up with creative solutions to challenges or problems. Innovation, on the other hand, refers to the process of turning creative ideas intRead more
Creativity refers to the ability to generate new and original ideas, and to think outside the box. It involves using imagination and problem-solving skills to come up with creative solutions to challenges or problems.
Innovation, on the other hand, refers to the process of turning creative ideas into practical, real-world applications or products. It involves taking creative ideas and turning them into new products, processes, or business models that can be implemented and bring value to customers or users.
See lessOutline the steps followed when changing the page orientation of a document in a word processor. – (6 marks)June/July 2020
To change the page orientation of a document in a word processor, the following steps should be followed: Open the document: The first step in changing the page orientation of a document is to open the document in the word processor. Access the Page Setup options: In most word processors, the Page SRead more
To change the page orientation of a document in a word processor, the following steps should be followed: