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1. a. Explain the steps of the creative process. ( 15 marks). What can an entrepreneur do to enhance creativity? ( 3 marks) b. Discuss

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1. a. Explain the steps of the creative process. ( 15 marks). What can an entrepreneur do to enhance creativity? ( 3 marks) b. Discuss the 3 advantages and 3 disadvantages of franchising for the franchisee. 12 marks) 2. a. Citing the relevant theory, discuss the view that entrepreneurs are bom. b. Define rmall scale business and discuss why innovation should be at the centre of managing sach businesses. b. Distinguish between Creativity and Innovation. ( 6 Marks) 2. a. Identify the three types of start-up firms, and discuss how they differ. Provide examples of each type of firm. (12 marks) b. Discuss the two main reasons for writing a business plan. ( 8 Marks) Instruction: Answer one (1) question only from this section 1. a. State and explain three reasons why most firms need funding? Provide a brief explanation of eica reason. ( 15 marks). b. List and briefly describe three specific steps that an entrepreneurial organization can take to build a strong ethical cuiture. ( 15 marks) 2. a. Discuss the view that the environment has nothing to do with the emergence and development of ontrepreneurship. (20 marks) b. Explain innovation and discuss four (4) benefits of innovation to the entrepreneut. (10 marks)

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