SECTION B
Answer any Two Questions from this section
Question 1
A. Nana Yaw Poku started his career as a driver to Mr. Kofi
Kyereh, an established businessman in Kumasi. Through
mentorship, advice, and inspirations from Mr. Kofi Kyereh,
Nana Poku developed the impetus for entrepreneurship.
To start his business as an entrepreneur, Mr. Poku combined
resources with Mr. Prah the general Manager of Cocoa Tea
Company Ltd and took over the ownership of that business from
the existing owners.
Though Mr. Poku had initial challenges with generating business
ideas and its funding, he now owns and manages six different
businesses.
You are required to answer the following questions based on the
short case:
I. What is the term given to the social factor that influenced Mr.
Poku into Entrepreneurship? Give reason to your answer. [3 Marks]
II.According to the passage, what option of Small Business
acquisition has transpired between Mr. Poku and Mr. Prah. Give
reasons for your answers. [3 Marks]
III. Explain one advantage of your answer in (II) over the other
options available for small business buyers. [2 Marks]
IV. Mr. Poku can be classified as what type of entrepreneur and
why? [2 Marks]
B. Mark a serial entrepreneurial has shown interest in buying a
hotel that has been put up for sale by its owner. As a business
consultant, examine any five logical and methodological
approach to follow in buying a new business. [10 Marks]
Question 2
A. Procurement is a key business strategy that ensures critical
materials are available for use by the organisation. Explain the
steps in the procurement process. [10 Marks]
B. Discuss four technological resources available to small firm. [10 Marks]
Question 3
A. Discuss the key activities involved in Human Resource Management. [14 Marks]
B. Discuss three sources of short-term business finance available
to small business owners. [6 Marks]
Question 4
A. State and explain five critical factors to consider at the pre-
start up and start-up phases of new venture development. [10 Marks]
B. As a student who has taken entrepreneurship, state and explain
four methods of generating business ideas. [10 Marks]
