MNE202 Tut101_2007_3_e[1]

MNE202 Tut101_2007_3_e[1] - 10 APPENDIX A: MNE 202-V/101...

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MNE 202-V/101 10 APPENDIX A: ASSIGNMENTS FOR 2007 ASSIGNMENT 01 SELF-EVALUATION This assignment covers topics 1 and 2 of your study guide. It contains short and long questions. The aim of this assignment is to familiarise you with the content of the work and how to answer short and long questions. QUESTION 1: 1.1 Define the following terms 1.1.1 Entrepreneur (3) 1.1.2 Small Business (3) 1.1.3 Entrepreneurial ventures (2) 1.2 In a table format, explain the difference between small business and entrepreneurial ventures. (9) 1.3 Explain the characteristics of the entrepreneur. (7) 1.4 Discuss the push-and-pull factors that encourage people to become entrepreneurs. (10)
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MNE 202-V/101 11 QUESTION 2 Once the entrepreneur has noticed a window of opportunity in the market, he or she then needs to embark on the process of opening and finally closing the window of opportunity to exploit that opportunity. Discuss the process of seeing, locating, measuring and then opening the window of opportunity. (10) QUESTION 3 Assume that you are in the process of drawing up your business plan. Identify the main sections that you would include in your business plan. (7) TOTAL: 51 MARKS
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MNE 202-V/101 12 ASIGNMENT 02 SUBMISSION DATE UNIQUE NUMBER FIRST SEMESTER 15 MARCH 2007 251657 SECOND SEMESTER 15 AUGUST 2007 342040 Please note that this is a COMPULSORY ASSIGNMENT . It covers all the topics in the study guide. It contains only multiple- choice questions, which you must answer on a mark reading sheet. REMEMBER TO ENTER THE UNIQUE ASSIGNMENT NUMBER ON THE MARK READING SHEET. 1) What do you regard as the distinguishing feature that all entrepreneurs have? 1) Wealth 2) Networking ability 3) Innovative ability 4) Strong marketing skills 2) The various levels of entrepreneurial sophistication are _________. i) Basic survivalists ii) Micro-entrepreneur iii) Creativity and innovation iv) Traditional entrepreneur 1) i) only 2) i), ii) and iv) 3) i) and ii) only 4) All of the above
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MNE 202-V/101 13 3) The 4P model of creativity is made up of: i) People ii) Process iii) Product iv) Place v) Press vi) Price vii) Promotion 1) i), ii), iv) and vi) 2) iii), iv), vi) and vii) 3) iii), v), vi) and v) 4) i), ii), iii) and v) 4) The window of opportunity in the context of entrepreneurship can best be described as the _______. 1) idea that can make a lot of money 2) time period available for creating a new venture 3) ability to come up with inventions 4) ability to see into the future 5) Which of the following statements does NOT describe a business plan? 1) A document used for external purposes only, such as to convince banks to provide funding. 2) The business plan helps the business to focus all its activities in an organised manner. 3)
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MNE202 Tut101_2007_3_e[1] - 10 APPENDIX A: MNE 202-V/101...

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