CAPE Entrepreneurship Unit 2 · 2016 · Paper 2

19 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)6 marksGive a brief description of the THREE types of business ventures mentioned in the case.
2. 1(b)6 marksState TWO advantages and ONE disadvantage of TWO types of business ventures identified in (a).
3. 1(c)3 marksIdentify any ONE ethical responsibility of the new carpet cleaning venture. Explain the importance of this responsibility to the venture's success.
4. 2(a)3 marksFrom the case, identify THREE actions that Ryan should take in order to legally establish the business.
5. 2(b)9 marksExplain THREE actions that Ryan must take in order to maintain the business' legal and regulatory framework.
6. 2(c)3 marksExplain ONE benefit that can be gained by this business from the implementation of environmental stewardship practices.
7. 3(a)3 marksFor EACH category shown in the table below, state ONE example of a source that Abbie could use to finance her business.
8. 3(b)6 marksExplain TWO advantages of using equity financing to upgrade the business.
9. 3(c)6 marksExplain THREE differences between 'debt financing' and 'grants financing'.
10. 4(a)4 marksState FOUR reasons why a business plan is seen as the road map for a business.
11. 4(b)6 marksExplain TWO benefits of preparing a business plan.
12. 4(c)5 marksIdentify FIVE sections that should appear in a business plan.
13. 5(a)2 marksExplain how data mining can be of benefit to the entrepreneur.
14. 5(b)(i)3 marksApart from data mining, list THREE other benefits of selling through a website.
15. 5(b)(ii)6 marksExplain each of the THREE benefits listed in (b)(i).
16. 5(c)4 marksOutline TWO innovative strategies that Neko can use to attract and retain his online customers.
17. 6(a)3 marksFrom the case, identify THREE stages of the venture life cycle.
18. 6(b)6 marksExplain TWO of the stages identified in (a).
19. 6(c)6 marksOutline THREE positive impacts that the Internet can have on the development of the venture.