1.a. Entrepreneurs start enterprises on the basis of existence of opportunities. In light of this statement, explain why entrepreneurial ventures fail. (6marks)

b. Explain the elements of an effective organizational structure in entrepreneurial ventures. (5marks)

c. Identify the key components of a new venture team. (4marks)

2.a. Explain why an enterprise should target a market. (3marks)

b. Justify the need for entrepreneurial finance in new ventures. (6marks)

c. Describe the fundamentals of entrepreneurial organizations. (6marks)

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