KENYATTA UNIVERSITY-BBA 310: ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT2008/2009

KENYATTA UNIVERSITY UNIVERSITY EXAMINATIONS 2008/2009 SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE 

BBA 310: ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT 

DATE: Tuesday 8th September, 2009 

TIME: 8.00 a.m. – 10.00 a.m. 

INSTRUCTIONS
Question one is compulsory. Answer two more questions.

Q1. a) Distinguish between an entrepreneur and a small business owner. [4 marks]
b) Explain four fundamental differences that distinguish a small firm from a large firm. [20 marks]
c) Discuss the two main categories of small firms. [6 marks]

Q2. With appropriate practical examples, explain both the major and minor entry wedges available to a start up enterprise. [20 marks]

Q3. Explain the following business growth stages, illustrating the key concerns of the entrepreneur in each of them:
a) Existence
b) Survival c) Success
d) Take off e) Maturity [20 marks]

Q4. a) What is “entrepreneurial finance”? [4 marks]
b) Discuss four key sources of entrepreneurial finance available to a small enterprise. [16 marks]