D. Schum Peter SECTION 'B' (60 MARKS) ANSWER QUESTION ONE AND ANY OTHER TWO (2) QUESTIONS FROM THIS SECTION QUESTION ONE A project selection starts once the agribusiness entrepreneur has generated few ideas and opportunities. These ideas are analyzed in the light of existing economic conditions, market conditions,social and environmental conditions, technical conditions and the government policy of the time. As an agribusiness entrepreneur. (a) Apply a tool called SWOT analysis to evaluate your intended business idea. (12 marks) (b) Apply the business model canvas to model your intended business idea. (18marks) QUESTION TWO a) Briefly explain five (5) benefits of entrepreneurship? (10marks) b) State five (5) functions of production department in a business enterprise. (5marks) QUESTION THREE (a) What is a business opportunity? (2mark) (b) Briefly explain four (4) observed business opportunity indicators. (8marks) (c) State five (5) sources of a business startup projects. (5marks) QUESTION FOUR Explain five (5) factors that contribute to the success of small business enterprises (15 marks) QUESTION FIVE (a) What is partnership (2marks) (b) State four(4) merits of partnership (4 marks) (c) State four(4) merits of partnership(4marks) (d) State five (5) factors that contribute to the failure of small business enterprises. (5 marks)
