Q#1. (10 marks)

QUESTION:

a. How can entrepreneur motivate and lead the team? (3marks)

b. What is the educational and skill level of entrepreneurs in Pakistan? 3marks

c. Why a business plan is valuable to the entrepreneur, potential investor or even new personnel? (4marks)

SOLUTION to Q1:(Answer the question/s in your own words, clearly in bullets and/or with appropriate captions instead of the copy-pasted paragraphs)

Q1(part a).

(Your answer)

Q1(part b).

(Your answer)

Q1(part c).

(Your answer)

Q#2. (10 marks)

a. If the owner of a business becomes died, explain in your own words the continuity of business in all the three legal forms of business. (3marks)

b. As discussed in the class that each of the forms of business has different advantages as to the transferability of interest. Answer in your own words that how the limited partners and general partners sell their interest if they want? Can a corporation shareholders transfer their shares? (5marks)

c. In the marketing plan, the 4 variables i.e. Product, Price, Place and Promotion is called ———-? (2marks)

SOLUTION to Q2: (Answer the question/s in your own words, clearly in bullets and/or with appropriate captions instead of the copy-pasted paragraphs)

Q2(part a).

(Your answer)

Q2(part b).

(Your answer)

Q2(part c).

(Your answer)

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Q#3. (10 marks)

QUESTION:

a. Assume that you are the Marketing manager of XYZ company. Your company wants to launch a new venture in the Service based business. Write the steps that your marketing plan will include? (5marks)

b. Suppose you as an Entrepreneur want to launch a product. Write down the steps you will need in planning and development of your product.(5 marks)

SOLUTION to Q3:(Answer the question in your own words clearly in bullets and/or with appropriate captions instead of the copy-pasted paragraphs from the portal / handouts)

Q3(part a).

(Your answer)

Q3(part b).

(Your answer)

QUESTION 04.(10 Marks )

a. What are the three steps needed to make a patent? (2marks)

b. Suppose you as an entrepreneur want to make a patent for corona virus vaccine. Under which category of patents you will submit your Patent application form.(3 marks)

c. Explain under which criteria the lenders evaluate a business plan?(5 marks)

SOLUTION to Q4. (Answer the question in your own words clearly in bullets and/or with appropriate captions instead of the copy-pasted paragraphs from the portal / handouts)

Q4(part a).

(Your answer)

Q4(part b).

(Your answer)

Q4(part c).

(Your answer)

Q#5. (10 marks)

a. Write down all the week-wise topics in sequence that we studied in this Entrepreneurship course?For example “week 1: Introduction to Entrepreneurship”. (3 marks)

b. How should the entrepreneur take the interview from employees? (3 marks)

c. Explain in your own words that why in Pakistan the rate of profit is higher in small industries as compared to large industries?(4 marks)

SOLUTION to Q5:

Q5(part a).

(Your answer)

Q5(part b).

(Your answer)

Q5(part c).

(Your answer)