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4 marksThe Nature and Characteristics of Entrepreneurship

CAPE Management of Business Unit 2 · 2017 · Paper 2 · Question 3(a)

Paul and Joanna own JoPaul Farm, rearing chickens and cultivating bananas and tomatoes on a one-acre plot. To raise profit margins, they plan to enter the banana chips and tomato ketchup markets. Saint James operates as a free market economy.

Outline TWO differences between an 'entrepreneur' and a 'social entrepreneur'.

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Other parts of this question

  1. 3(b)Explain THREE ways in which JoPaul Farm could benefit from the free market economy of Saint James.[9 marks]
  2. 3(c)Discuss THREE types of assistance that non-governmental agencies offer to small businesses such as JoPaul Farm.[12 marks]

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