Answer All Questions.

1.Entrepreneurship partly entails scanning changes in the environment, identifying possible business opportunities mobilizing resources and starting a business. With reference to five specific changes in a Kenyan business environment discuss possible business opportunities that an entrepreneur would identify.( 10 marks)

2.As the business grows it is likely to benefit from internal and external economies of scale. Discuss giving relevant examples(10marks)

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3. Describe five sources of finance at different stages of business life cycle (10 Marks)

4. Success of a business enterprise is highly dependent on the marketing effort of the entrepreneur. Describe how you would combine the elements of marketing/marketing mix to market a specific product of your choice (10 Marks)