NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
SEPTEMBER 2020 EXAMINATION

COURSE CODE : ENT 414 CREDIT UNIT : 2
COURSE TITTLE: VENTURE CREATION AND GROWTH
TIME ALLOWED: 2 ½ HOURS
Instruction: 1. Attempt question number one (1) and any other three (3) 2. Question number one (1) is compulsory and attracts 25 marks, while any other three questions attract 15 marks each 3. Present your answers to each question in a clear and orderly manner Question 1

1. a) Company and organization emphasize the importance of marketing, in line with the above define marketing, list and explain marketing philosophies. 15marks
b) An environmental scanning is crucial before a decision is made on where a business enterprise site can be located. Elucidate. 10marks

2) The decision to startup business alone or partner with other. Describe what necessitate one‘s decision. 15marks

3. What are the determinant factors in choosing a particular product and a market before venturing into business enterprise? 15marks

4. a) When you would like to start a small business you need to identify the various forms of small business organizations. Name and explain any two of them.10marks
4b. Small Business do spring up every now and then, as an entrepreneur explain why does a small business organization have to concern itself with law? 5marks

5. Enumerate the various accounting records that are kept in a business venture. Explain any five. 15marks