QUESTION ONE (30 MARKS) a) Explain the meaning of clustering as used in entrepreneurship (2 mks) b) Mr John started a grocery business. Within a very short period the business failed. State four reason why John business failed at the nascent stage of development (4mks) c) Maina is one of the successful entrepreneur in Kiambu County.Outline four trait of Maina as a successful entrepreneur (4mks) d) Highlight four managerial functions of an enterprenuer in any business enterprise( 4mks) (4) Explain the features of the economic theory of Entrepreneurship (4mks) f) Mwangi started a hardware business in Nyahururu Towship. Discuss four factors he considered to start this enterprise (4mks) 2. You are empolyed by Safaricom company as corporate entrepreneur and tasked to generate a business idea Explain the structured approach you will use to achieve this objective (4mks) (4) Highlight four factors an entrepreneur considers when evaluating a business idea ( 4mks) QUESTIONTWO (20 MARKS) a) Using relevant examples.discuss FIVE environmental factors that positively influence the growth of entrepreneurship in Kenya V (10 mks) b) Research has established that women engaged in business are less likely to default on their loan that men but few are entreprenuers. Discuss FIVE challenges faced by women entreprenues (10 mks) QUESTION THREE (20 MARKS) a) Kamau is a successful entreprenuer in Nakuru Discuss FIVE resources required for running a sucessful business enterpise (10 mks) b) Discuss in FIVE ways, the importance of informal sector to the growth of economy in Kenya (10 mks) The QUESTION FOUR (20 MARKS) a) Discuss FIVE characteristic of informal sector training (10 mks) b) Discuss FIVE reasons for high rate of unemployment in Kenya (10 mks)

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QUESTION ONE (30 MARKS) a) Explain the meaning of clustering as used in entrepreneurship (2 mks) b) Mr John started a grocery business. Within a very short period the business failed. State four reason why John business failed at the nascent stage of development (4mks) c) Maina is one of the successful entrepreneur in Kiambu County.Outline four trait of Maina as a successful entrepreneur (4mks) d) Highlight four managerial functions of an enterprenuer in any business enterprise( 4mks) (4) Explain the features of the economic theory of Entrepreneurship (4mks) f) Mwangi started a hardware business in Nyahururu Towship. Discuss four factors he considered to start this enterprise (4mks) 2. You are empolyed by Safaricom company as corporate entrepreneur and tasked to generate a business idea Explain the structured approach you will use to achieve this objective (4mks) (4) Highlight four factors an entrepreneur considers when evaluating a business idea ( 4mks) QUESTIONTWO (20 MARKS) a) Using relevant examples.discuss FIVE environmental factors that positively influence the growth of entrepreneurship in Kenya V (10 mks) b) Research has established that women engaged in business are less likely to default on their loan that men but few are entreprenuers. Discuss FIVE challenges faced by women entreprenues (10 mks) QUESTION THREE (20 MARKS) a) Kamau is a successful entreprenuer in Nakuru Discuss FIVE resources required for running a sucessful business enterpise (10 mks) b) Discuss in FIVE ways, the importance of informal sector to the growth of economy in Kenya (10 mks) The QUESTION FOUR (20 MARKS) a) Discuss FIVE characteristic of informal sector training (10 mks) b) Discuss FIVE reasons for high rate of unemployment in Kenya (10 mks)

Answer 1

QUESTION ONE (30 MARKS)a) Clustering in entrepreneurship refers to the concentration of related businesses in a specific geographic area, which can lead to increased collaboration, shared resources, and competitive advantages.b) Four reasons why John's business failed at the nascent stage of development could include:1. Lack of market research and understanding of customer needs.2. Insufficient capital or financial planning.3. Inadequate business planning and strategy.4. Poor location or accessibility for the business.c) Four traits of Maina as a successful entrepreneur in Kiambu County could include:1. Vision and innovation.2. Risk-taking ability.3. Strong leadership and management skills.4. Persistence and resilience.d) Four managerial functions of an entrepreneur in any business enterprise could include:1. Planning and decision-making.2. Organizing and coordinating resources.3. Leading and motivating employees.4. Controlling and monitoring performance.e) The features of the economic theory of Entrepreneurship could include:1. The role of entrepreneurs in driving economic growth and innovation.2. The importance of risk-taking and innovation in entrepreneurship.3. The impact of market conditions and opportunities on entrepreneurial success.4. The relationship between entrepreneurship and job creation.f) Four factors Mwangi considered to start his hardware business in Nyahururu Township could include:1. Market demand and competition.2. Availability of raw materials and suppliers.3. Accessibility and location of the business.4. Financial resources and funding options.QUESTION TWO (20 MARKS)a) Five environmental factors that positively influence the growth of entrepreneurship in Kenya could include:1. Availability of resources and infrastructure.2. Supportive government policies and regulations.3. Access to financing and investment opportunities.4. Availability of skilled labor and talent.5. Market demand and consumer preferences.b) Five challenges faced by women entrepreneurs could include:1. Access to financing and investment.2. Balancing work and family responsibilities.3. Gender-based discrimination and stereotypes.4. Limited access to business networks and mentorship.5. Lack of legal and regulatory support.QUESTION THREE (20 MARKS)a) Five resources required for running a successful business enterprise could include:1. Capital and financial resources.2. Human resources and skilled labor.3. Physical resources and infrastructure.4. Technological resources and innovation.5. Marketing and branding resources.b) Five ways the importance of the informal sector to the growth of the economy in Kenya could include:1. Job creation and employment opportunities.2. Contribution to GDP and economic output.3. Provision of essential goods and services.4. Support for small and medium-sized enterprises.5. Adaptability and resilience in the face of economic challenges.QUESTION FOUR (20 MARKS)a) Five characteristics of informal sector training could include:1. Flexible and adaptable training methods.2. Focus on practical skills and hands-on experience.3. Low cost and accessibility.4. Informal and informal learning environments.5. Limited formal recognition and certification.b) Five reasons for the high rate of unemployment in Kenya could include:1. Limited job opportunities and economic growth.2. Skills mismatch and lack of employable skills.3. High population growth and youth bulge.4. Inadequate social safety nets and support systems.5. Political instability and economic policies.

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