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4 marksEntrepreneurship and Decision-Making

CSEC Principles of Business · May/June 2016 · Paper 2 · Question 1(a)(ii)

Janice retired after 15 years as a loans officer at a commercial bank and decided to become an entrepreneur.

State FOUR reasons why a person may start a business.

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Other parts of this question

  1. 1(a)(i)Define the term 'entrepreneurship'.[2 marks]
  2. 1(b)Identify FOUR stakeholders that could be involved in Janice's business.[4 marks]
  3. 1(c)Describe TWO types of services Janice may be able to offer given her banking experience.[4 marks]
  4. 1(d)Explain TWO ways in which Janice's business can benefit the community.[6 marks]

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