Ent PP3 S.6
Ent PP3 S.6
Ent PP3 S.6
ENTREPRENEURSHIP
EDUCATION
PAPER 3
AUGUST 2016
3HOURS
ENTREPRENEURSHIP EDUCATION
PAPER 3
TIME: 3 HOURS
INSTRUCTIONS
1
Page
1. Read the case study carefully and answer the questions that
follow
In carrying out the survey, the found out that about 1500 people
would go out for either breakfast, lunch or supper, each spending not
less than shs 210,000 a month. They realized that their operational
expenses would basically comprise of purchase for food stuffs, rental
charges for the restaurant premises, electricity, charcoal and labour
among others, which would approximately total to shs161 millions per
month. Basing on their findings Mr. and Mrs. Kawooya were convinced
that about 900 customers were capable of buying from their
restaurant daily if they started one. Mr. Kawooya decided to resign his
university job and offered to surprise their restaurant in the name of
Good bite Restaurant, just outside the university.
collects payments and balances the books of accounts every day with
Page
the help of Mr. Kawooya. Customers leave after watching news, where
they get updated with latest news locally and internationally. A
farewell and a comeback request from Mr. Kawooya always rings in
the minds of the customers every time they think about lunch or
supper while in the university. There is never a day when neither of the
Kawooya is at the restaurant.
Meanwhile Mrs. Kawooya has not abandoned her sewing business. After
realizing some reasonable savings from the restaurant, she was able to
convince her husband and acquired a loan from centenary Bank at a
low interest rate so as to expand the tailoring business. They currently
provide uniforms to most of the schools in the area, they also import
and distribute brand new sewing machines for which they acquired
a tax holiday of three years.
The Kawooyas say that they are very mindful about keeping and
analyzing their business’ records, have licenses for all their businesses
and diligently pay taxes to the relevant authority in time. They now
want to start up another branch of restaurant in Kansanga, given the
improved liberalized economic environment.
Questions
(a) Calculate the Estimated profit per month that the Kawooyas
got after their market survey? (5 marks)
(b) What economic factors encouraged Mr. and Mrs. Kawooya to
start and succeed in their businesses? (4 marks)
(c) Explain the characteristics of successful entrepreneurs that Mr.
and Mrs. Kawooya possess. (4 marks)
(d) Describe what is done by Mr. and Mrs. Kawooya to win customers’
acceptance and loyalty. (4 marks)
(e) What benefits does Mr. and Mrs. Kawooya enjoy by being tax
compliant? (4 marks)
(f) Give reasons why Mr. and Mrs. Kawooya should continuously
keep and analyse financial records for their businesses. (4 marks)
3
Page
Page 4
SECTION B: SCHOOL BUSINESS CLUB
(b) How innovative is the business you were attached to? (5 marks)
(c) Draw a marketing flow chart for the business you were
attached to. (4 marks)
(d) (i) Mention any three social costs of the business you were
attached to. (3 marks)
5
Page
(ii)Describe the measures being employed by the business to
overcome the social costs stated in d(i) above. (3 marks)
(e) Describe the entrepreneurial skills that you acquired from the
business of attachment. (5 marks)
5. With reference to the business field trip you carried out either
as individual or group;
(a) (i) State the objectives for the field trip. (3 marks)
(ii) Describe the business you visited. (4 marks)
(b) Describe how the business you visited markets its products.
(5 marks)
(c) How does the business you visited improve the welfare of the
employees? (4 marks)
(d) What are the different production costs of the business you
visited? (4 marks)
(e) Explain the impacts of the business you visited to the community.
(5 marks)
**END**
6
Page