CAPE Entrepreneurship Unit 1 · 2015 · Paper 2

18 questions and parts from this paper. Open one to see it in full, then practise it on Quelpr and get it marked against the mark scheme.

1. 1(a)4 marksOutline TWO myths of entrepreneurship mentioned in the case.
2. 1(b)5 marksList FIVE myths of entrepreneurship that are NOT mentioned in the case.
3. 1(c)6 marksExplain TWO critical success factors of entrepreneurship.
4. 2(a)3 marksIdentify THREE factors that show that Kumar is creative and innovative.
5. 2(b)4 marksList FOUR characteristics of an entrepreneur.
6. 2(c)8 marksOutline FOUR key innovations introduced by Kumar.
7. 3(a)2 marksIdentify from the case TWO methods used by Pixie to generate her business idea.
8. 3(b)4 marksOutline TWO other methods of generating a business idea.
9. 3(c)9 marksExplain THREE components of the entrepreneurial process.
10. 4(a)3 marksUsing information from the case, state THREE possible harvesting options.
11. 4(b)6 marksExplain TWO benefits to the partners of liquidating the venture.
12. 4(c)6 marksOutline THREE elements in implementing and managing the business venture.
13. 5(a)4 marksDifferentiate between 'creativity' and 'innovation'.
14. 5(b)9 marksExplain THREE ways in which the Caribbean ideas in the case could be protected.
15. 5(c)2 marksIdentify TWO areas of policy support (macro/national level) for innovators in the Caribbean.
16. 6(a)3 marksExplain ONE importance of innovation highlighted in the case.
17. 6(b)6 marksOutline the THREE sources of innovation within the case.
18. 6(c)6 marksExplain why Mr Cupid used a patent for the protection of his innovation and NOT branding.